(AOF) – American markets are expected to be in disarray. These last few hours have been marked by declarations from Donald Trump, who intends to impose customs duties of 25% on all products from Mexico and Canada on his first day in office. This news should weigh on the automotive sector. Good news on the stock side, Analog Devices revealed better than expected results. A few minutes before the first exchanges, futures on the S&P 500 gained 0.22% and those on the Dow Jones, 0.33%. Consumer confidence to follow.
Yesterday on Wall Street
US stock markets ended in the green. During this session, the Dow Jones reached a new high at 44,815.67 points. Investors are welcoming Donald Trump's nomination of Scott Bessent, a well-known Wall Street veteran, as Treasury secretary. Tomorrow evening, the minutes of the Fed's latest monetary policy committee will be published. On the value side, Macy's fell after postponing the publication of its results for the third quarter. The Dow Jones gained 0.99% to 44736.57 points and the Nasdaq rose 0.27% to 19054.84 points.
Macroeconomic figures
The S&P Case-Shiller index of real estate prices in the 20 largest American cities increased by 4.6% in September on an annual basis, against a consensus of 4.7%. It increased by 5.2% in August.
The Conference Board's October new home sales and November consumer confidence will be released at 4 p.m.
The minutes of the Fed's latest monetary policy committee will be published at 8 p.m.
Values to follow
Amgen
Amgen is expected to fall more than 11% in pre-market trading on Wall Street after publishing the results of its experimental drug MariTide: this product led to an average weight loss of 20% over one year, at the low end of the range expected by investors. “No association was observed between the administration of MariTide and changes in bone mineral density,” underlines the group, responding to the concerns expressed by Cantor Fitzgerald on this risk factor for fractures.
Analog Devices
Semiconductor manufacturer Analog Devices revealed better-than-expected results and outlook. In the fourth quarter, ended in early November, the group made a net profit of $478.07 million, or 96 cents per share, compared to a profit of $498.4 million, or $1 per share a year earlier. Excluding exceptional items, earnings per share came to $1.67, 3 cents better than consensus. Revenue fell 10% to $2.44 billion, where the market expected $2.41 billion.
Ford/GM
Ford and General Motors are expected to fall in pre-market trading on Wall Street after announcements made by Donald Trump on his Truth Social network. The president-elect wants to impose customs duties of 25% on all products from Mexico and Canada on his first day in office. He also plans to impose 10% customs duties on Chinese imports.
Kohl’s
Kohl's, whose stock fell by more than 4% in pre-market trading, announced the departure of its general manager Tom Kingsbury after less than two years at the head of the department store chain. He will step down on January 15, 2025 and will be replaced by Ashley Buchanan, CEO of Michaels since 2020. Previously, he was a senior executive at Walmart and Walmart-owned Sam's Club for 13 years.
Rivian
Rivian is expected to rise sharply in pre-market trading on Wall Street after announcing Monday that it had received conditional approval for a loan of up to $6.6 billion from the US Department of Energy to build a plant in Stanton Springs North, near Social Circle, Georgia. The electric vehicle specialist intends to build the factory in two phases, each resulting in an annual production capacity of 200,000 units. Operation will begin in 2028, the Californian startup said in a press release.
Walmart
Walmart plans to scale back some of its diversity, equity and inclusion programs, a spokesperson for the retailer said, as reported by Bloomberg News. The world's largest retailer joins companies such as Starbucks, JPMorgan Chase and Ford, which have changed their equal opportunity policies over the past year under pressure from conservatives.
Zoom
Zoom is expected to be in the red at the opening despite better than expected results. The American videoconferencing group recorded in the third quarter, ended at the end of October, a net profit of 207.1 million dollars, or 69 cents per share compared to a net profit of 141.2 million dollars, or 45 cents per share, a year earlier. Earnings per share, excluding exceptional items, stood at $1.38 while the consensus gave it at $1.31. Turnover increased by 3.6% to 1.177 billion against a consensus of 1.16 billion.
