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Stock impact report

Futures subdued as Walt Disney results fail to excite investors [Reuters]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Reuters
of the Federal Reserve's interest rate cuts this year lent support to the market. fell 6.2% in premarket trading, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office. Report this ad "Corporates' earnings continue to beat expectations, but share price action has remained neutral post earnings beats," Nicole Inui, head of equity strategy, Americas at HSBC said in a note. "Going forward, we expect the market to turn its focus more on earnings as the volatility around interest rate expectations subsides." Kenvue gained 3.2% after the Band-Aid maker beat first-quarter profit estimates and said it would cut 4% of its global workforce. The three main U.S. stock indexes closed at their strongest level in more than three weeks on Monday, after a weaker-than-expected labor market report last week fueled bets that the U.S. central bank will ease monetary policy later this year. The report and bette Show less Read more
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