Stock futures were slightly higher later Thursday.
Ford
(F) at 0.2% and
General Motors
( GM ) rose 0.4% ahead of a deadline for the United Auto Workers union to call a strike. The union and the big three automakers, including the U.A.
Stellar
(STLA), were still “far apart” on the union’s major wage increases, and the UAW was preparing to strike the three companies with new tactics after 11:59 p.m. Thursday.
Arm Holdings’ initial public offering sold at an expected $51 a share, giving the chip designer company a fully diluted valuation of $54.5 billion. ARM shares will begin trading on Nasdaq on Thursday under the ticker symbol “ARM.” Ahead of ARM’s debut, shares of fellow chipmakers traded higher.
Nivea
( NVDA ) rose 1.1%, shares listed in the US
Taiwan Semiconductor Manufacturing
(TSM) gained 0.9%;
Intel
( INTC ) rose 0.3%, and
Qualcomm
( QCOM ) added 0.4 percent.
HP Inc.
(HPQ) fell by 1.2% after Warren Buffett
Berkshire Hathaway
(BRK.B) announced the sale of 5.5 million shares of the personal computer and printer maker. In was the first stock sale.
H.P
Inc.
After Berkshire Hathaway accumulated a 12 percent stake in the company in early 2022.
Semtech
( SMTC ), the semiconductor supplier, was down 3.9% after forecasting a fiscal third-quarter loss of 9 cents to 22 cents a share on revenue of $190 million to $210 million. Analysts had expected adjusted earnings of 12 cents a share on revenue of $247.7 million.
Norwegian cruise line
(NCLH) and
Carnival
(CCL) has been upgraded by Redburn from neutrality to buyout, the Fly reports. Norwegian shares rose 1.7 percent in premarket trading, while Carnival added 1.9 percent. Redburn analysts maintained their recommendation.
Royal Caribbean
(RCL) independently.
Royal Caribbean
It gained 1.1%.
Earnings reports from the software company are expected after the closing bell on Thursday
Adobe
(ADBE), a home builder
Lennar
(LEN), and online car auction
Copart
(CPRT)
Write to Joe Woelfel at [email protected]
