U.S. stock futures took a breather on Wednesday as investors digested earnings from Morgan Stanley (MS) and others, potentially helping ASML (ASML) rebound to all-time highs after a slide.
Futures prices for the S&P 500 Index (ES=F) and the Dow Jones Industrial Average (YM=F) remained flat, but the contract month price for the tech-heavy Nasdaq 100 Index (NQ=F) increased by 0.1%. rose.
All three major indexes fell from all-time highs on Tuesday as ASML sharply lowered its 2025 revenue forecast, undermining confidence in the AI chip trade and sending stocks like Nvidia (NVDA) lower. . Markets are on alert for new news from ASML on the day the chip tool maker was scheduled to release financial results that appear to have been erroneously announced.
Morgan Stanley’s quarterly report released before the bell showed new signs of a Wall Street revival that boosted big banks’ profits this week. Profits increased significantly compared to the previous year due to increased dealmaking that boosted its peers.
At the same time, disappointing results from ASML, UnitedHealth Group (UNH) and luxury goods giant LVMH (MC.PA, LVMUY) left bullish Wall Street on alert for signs of weakness elsewhere. I am doing it. Abbott (ABT), Alcoa (AA) and Discover Financial Services (DFS) will be on the agenda Wednesday.
In commodity markets, gold (GC=F) rose towards record highs as Republican candidate Donald Trump’s new tariff pledge increased uncertainty over the outcome of the close US presidential election.
