Bank of America, Goldman Sachs and Walgreens surge in pre-sales; Exxon Mobil collapses

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Investing.com – U.S. stocks held steady near record highs on Tuesday as investors digested a string of major quarterly corporate earnings.

Here are some of today’s biggest pre-market moves on U.S. exchanges:

  • Goldman Sachs (NYSE:) The company’s shares rose 3.4% after the investment bank beat third-quarter expectations, with Global Banking & Markets leading the forceful performance, generating quarterly net revenue of $8.55 billion.
  • Boeing (NYSE:) shares rose 0.8% after the aerospace giant entered into a $10 billion loan agreement with a consortium of banks, but also filed a registration statement with the U.S. regulator that will enable it to raise up to $25 billion through offers various debt securities and classes of shares.

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  • Bank of America (NYSE:) The company’s shares rose 2.5% after the second-largest U.S. bank reported net earnings per share that beat expectations despite a decline from a year earlier, as higher investment banking fees helped it offset a slight decline net interest year over year income.

  • Walgreens Shoe Alliance (NASDAQ:) shares rose 6.3% after the pharmacy chain operator announced on Tuesday that it would close 1,200 stores over the next three years, slightly beating Wall Street’s downgraded estimates for fourth-quarter adjusted profit.

  • Wolf speed (NYSE:) shares rose 23% after the chipmaker announced it would receive significant financial support, in the form of a $750 million proposal from the U.S. Department of Commerce under the CHIPS and Science Act and another $750 million in recent financing from a consortium led by Apollo, Baupost Group, Fidelity and Capital Group.

  • Etsy (NASDAQ:) shares fell 4.7% after Goldman Sachs downgraded its stance on the e-commerce company to “sell” from “neutral,” citing continued growth and competitiveness challenges.

  • Exxon Mobil (NYSE:)), Western crude oil (NYSE:) i Chevron (NYSE:) All stocks fell more than 2% as crude prices fell sharply after supply concerns eased after media reports said Israel was unwilling to hit Iranian oil targets.

  • Trump’s media and technology Shares (NASDAQ:) rose 9%, continuing edged gains from the previous session, when more than 57 million shares changed hands, in the busiest day for the stock since July 15 – the first day of trading after the attempted assassination of the Republican presidential candidate at St. so in Pennsylvania.

  • Ericsson Shares (BS:) rose 10% after the Swedish telecommunications equipment maker posted better-than-expected third-quarter results, helped by forceful results in its networking business, particularly in North America.

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