The preliminary US composite PMI for January came in at 52.3 after 50.9 and 51 expected. That of services came out at 52.9 against 51.5 consensus and manufacturing also exceeded expectations at 50.3 against 47.8 consensus.
Netflix (+ 10.7% to 544.87) reported on Tuesday a number of new subscribers significantly higher than Wall Street expectations on 4th quarter, thanks in particular to the final season of the series “The Crown” and the new film “The Killer” by David Fincher.
ASML (+ 5.86% to 178.29) reported better than expected net profit and turnover on 4th quarter, driven by the dynamism of its activity in China.
The sector values were circled as follows: AMD took 5.86% to 178.29, Intel 0.41% to 49.09 and Applied Materials 4.24% to 174.14. SAP ADR (+ 6.82% to 174.53) unveiled a €2 billion restructuring plan covering 8,000 positions in order to better focus on the growth of business sectors focused on artificial intelligence (AI).
The software manufacturer also announced that it expects a turnover of €17 to €17.3 billion for 2024 for its dematerialized IT services. Alaska Air Group (-0.03% to 35.82) reportedly found “loose bolts on many” 737 MAX 9s.
Boeing (+ 1.25% to 214.15) will interrupt production of 737s for one day on Thursday. Furthermore, the front wheel of a 757 operated by Delta Air Lines (+ 0.46% to 38.19) would have detached while the plane was lining up for takeoff, according to the American Civil Aviation Authority (FAA).
According to Bloomberg News, Walgreens Boots Alliance (-0.93% to 22.37) would study the sale of the specialty pharmacy company Shields Health Solutions.
Ebay (+ 0.48% to 41.61) indicated that it would eliminate around 1,000 positions, or around 9% of its current workforce.
Texas Instruments (-2.45% to 170.07) forecasts quarterly sales below market expectations as chip stocks grow and the first signs of weakness are felt in the automotive sector.
AT&T (- 2.91% to 16.69) announced an annual profit lower than consensus while it is faced with competition from other operators and the depreciation of some of its old equipment.
General Dynamics (+ 4.92% to 261.64) reported a jump in its turnover on 4th quarter, geopolitical tensions having supported demand for its military equipment.
THE Dow Jones thus lost 0.26% to 37,806.39 points, the Nasdaq Composite took 0.36% to 15,481.92 points and the S&P 500 0.08% to 4,868.55 points.
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