Wall Street was on track to open with gains today as more corporate earnings reports streamed in, the Associated Press reports. Futures for the S&P 500 rose 0.4% before the bell, while futures for the Dow Jones Industrial Average moved 0.1% higher. Nasdaq futures pointed up 0.8%.
Elevance Health shares skidded 12.3% after the health insurer missed Wall Street’s third-quarter profit projections and warned that rising medical costs threaten to drag on future earnings.
Railroad operator CSX tumbled 4.7% in extended trading after it said Wednesday that it expects only modest volume growth the rest of the year as the Southeast rebuilds after two major hurricanes.
Shares of Expedia jumped 6.7% after the Financial Times reported that the ride-hailing app Uber had considered a takeover bid for the travel-booking site.
Taiwan Semiconductor jumped 9.6% after its third-quarter sales and profit beat analyst forecasts. The company also issued rosy fourth-quarter guidance, boosted by expected demand for artificial intelligence-related products.
The price of oil rose early today. U.S. benchmark crude oil was up 7 cents to $70.46 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, climbed 8 cents to $74.30 per barrel.
The dollar fell to 149.55 Japanese yen from 149.64 yen.
