Fluctuating trade around corporate accounts can be seen on Tuesday. Consumer products company Procter & Gamble will release results before opening, while giant Snap and video streaming Netflix will report after the market closes.
Speaker of Parliament Nancy Pelosi said he hoped it would be clear by the end of Tuesday whether a stimulus deal would be completed before the election.
Another uncertainty looming over the market is the fate of the United Kingdom with the European Union, which has made increasing progress with the news that formal negotiations are likely to resume.
Here are the stocks that made bigger moves before the start of the US markets:
Albertsons (ACI) – The supermarket chain reported a quarterly earnings of 60 cents a share, more than twice the average 26 cents of analysts surveyed by Refinitiv. Revenue was also above forecasts, aided by a 243% jump in digital sales. Shares of Albertsons rose 4% in pre-trading.
IBM (IBM) – IBM reported a quarterly earnings of $ 2.58 per share, in line with Wall Street forecasts. Revenues are slightly above forecasts due to higher demand for cloud services. However, stocks came under pressure after IBM refused to publish forecasts for the current quarter due to uncertainty related to the pandemic. IBM shares lost 2.8% in pre-trading
UBS (UBS) – UBS saw its quarterly profit double, driven by strong investment banking and boost profits from its wealth management division. The Swiss bank has also set aside $ 2.5 billion for potential dividends and share buybacks.
Junior Trader Mert Mustafa