Intel and Visa's earnings disappoint, yet U.S. stock futures hold firm, spotlighting upcoming Core PCE and Home Sales data for economic cues.
Key Insights
U.S. stock futures are steady as Intel’s disappointing revenue outlook and Visa’s tepid sales guidance weighed on investor sentiment. This comes after a week of gains in which the main indices on Wall Street reached record highs.
Intel’s first-quarter revenue forecast of $12.2 billion to $13.2 billion, below Wall Street projections, dampened the mood. Additionally, Visa’s prediction of a slowdown in net revenue growth contributed to the cautious sentiment.
In addition to corporate news, the market’s focus remains on economic data, with the Core PCE Price Index and Pending Home Sales figures expected later during the U.S. session. These indicators will provide further insights into the health of the economy and influence market direction.
Arslan, a webinar speaker and derivatives analyst, has an MBA in Finance and MPhil in Behavioral Finance. He guides financial analysis, trading, and cryptocurrency forecasting. Expert in trading psychology and sentiment.