Corporate results:

  • HP Inc is down 2.8% in pre-market trading, as the company reported below-consensus earnings.
  • Autodesk reported an annual sales forecast above market estimates on Tuesday.
  • Nordstrom fell more than 3% in after-hours trading on Tuesday, with third-quarter sales down 6.4% to $3.32 billion, against consensus of $3.40 billion.
  • Guess plunged 13.8% before the opening, with the group forecasting adjusted earnings per share for fiscal 2024 of between 2.67 and 2.74 dollars, against a consensus of 2.96 dollars.
  • Deere forecasts weaker sales in fiscal 2024 after mixed Q4 results.

In other news:

  • The FAA has authorized Boeing to begin certification flight tests for the 737 MAX 10.
  • Nvidia shares fell nearly 4% as concerns over China's growth overshadowed a strong revenue forecast.
  • Atos partners with Microsoft to accelerate cloud adoption and generative AI.
  • Broadcom completes its $69 billion acquisition of VMware.
  • Citigroup considers starting a new private lending strategy by January.
  • US weekly jobless claims fall, indicating a slowing labor market amid higher interest rates.
  • Jack Ma reconsiders the sale of Alibaba shares after a sharp decline in market value.
  • German court ruling could cost Intel billions of euros in subsidies.
  • Microsoft to see a 'firmer' relationship with OpenAI as Altman returns, Wedbush says.
  • Princess Private Equity manager sells Civica to Blackstone.
  • Spanish Competition Regulator clears Amazon, Booking, Tripadvisor of fake review participation.
  • Bristol-Myers Squibb insider bought shares worth $423,385.
  • Walmart insider sold shares worth $219,802,597.
  • Walt Disney said the new agreement signed with SAG-AFTRA will increase content creation costs. It expects its capital expenditure for fiscal 2024 to be around $6 billion.
  • Airbnb - Canada on Tuesday introduced tax measures limiting income tax deductions for short-term rentals.