Stock Market Today: Dow Jones Futures Slip, Nasdaq Rises Amid Mixed Trade—United Parcel Service, UnitedHealth, 3D Systems In Focus

Benzinga

U.S. stock futures were swinging on Tuesday following Monday’s positive moves. Futures of major benchmark indices were mixed.  On Monday, the benchmark indices set a new record as the U.S. trade negotiators reached a "very successful framework" with their Chinese counterparts, according to statements by Treasury Secretary Scott Bessent. The development came ahead of a potential meeting between President Donald Trump and President Xi Jinping.

Transcript

00:00All right, futures in the green here today, S&P futures up 0.07%, very close to the unchanged

00:12line. Dow futures up 0.45% and the NASDAQ futures up 0.13%. So the Dow futures leading the way

00:20higher here today. Let's take a look at some cues from last session. Sectors recording the biggest

00:26gains on Monday included information technology, communication services, and consumer discretionary,

00:32helping most S&P sectors close on a positive note. Bucking the overall market trend, however,

00:38were consumer staples and material stocks, which closed the session lower. On Monday,

00:43the benchmark indices set a new record as the U.S. trade negotiators reached a very successful

00:49framework with their Chinese counterparts. That's according to statements by Treasury

00:53Secretary Scott Besant. The development came ahead of the presidential meeting between Donald Trump

00:59and President Xi Jinping on Thursday. The Federal Reserve Open Market Committee will announce its

01:04decision on interest rates on Wednesday. The 10-year Treasury bond is actually, and it's not right,

01:10at 3.48. I think it's 3.98%. It dipped right under that 4%. And the two-year bond was at 3.5%.

01:18We do have some stocks in focus here today. And the one at the top of the list is going to be UPS. I saw

01:25a number of you folks are already mentioning this here today. UPS generally looked at as a bellwether

01:30for the economy. UPS fell 0.25% in the pre-market on Tuesday as analysts expect it to report earnings

01:37of $131 per share. Good news is that that's in now. UPS. Q3 adjusted EPS of $174. That beat the $131

01:48estimate. And sales of $21.4 billion beat the $20.83 billion. So a top and bottom line beat there.

01:57UPS trading higher here in the pre-market. Closed at about $89 yesterday. It's currently trading at

02:03exactly at $100. It did print a high of $109 here in the pre-market. It actually looks like

02:09it's at its VWAP in the pre-market here. So UPS, top and bottom line beat and trading higher here

02:15today. We'll see if that spreads throughout the rest of the market. Clearly, that's helping the

02:19Dow here this morning. United Health Group, ticker UNH, that was up by 0.0055% ahead of its earnings

02:29that were slated to be released between the opening bell. Analysts expected $281 per share

02:34on revenue of $113.06 billion. As mentioned, the conference call is ongoing, but the report is

02:41out here. Q3 adjusted EPS of $292 beat the $279 estimate and sales of $113.161 billion beat

02:52the $113.064 billion estimate. So UNH, another one that we've been trading here quite a bit,

03:00that also beat on the top and the bottom line. That is trading higher here in the pre-market.

03:05That closed at about $365.98 yesterday. Currently sitting here at $383.50 with a high print of

03:13$389.98. So UNH also higher here in the pre-market. Next stock on the list is going to be Cameco.

03:21That's ticker CCJ. They rose 9.67% and Brookfield Asset Management, ticker BAM,

03:29advanced 3.52% after they announced a transformational partnership with the United

03:34States government to construct at least $80 billion in new Westinghouse nuclear power reactors.

03:41So CCJ trading higher here. And actually, CCJ has some pretty good rankings on our Benzinga Edge

03:48stock rankings, as well as a short, medium, and long intact trend.

03:55Next stock on our list here is going to be 3D Systems. This is ticker DDD. That gained 9.45%

04:02as its Saudi joint venture NAMI announced major milestones by securing a strategic investment

04:08from a Saudi electric company, launching a collaboration with Lockheed Martin, ticker LMT,

04:13for aerospace components, and winning a $26 million manufacturing agreement with modern

04:19isotope factory. 3D Systems, ticker DDD, trading higher here in the pre-market as well.

04:27Last stock on our list of stocks in focus here today is going to be Waste Management, ticker WM.

04:32Shares dropped 2.51% following weaker than expected results in the third quarter. They reported

04:38after hours yesterday. Those numbers here, Q3 adjusted EPS of 198 misses the 202 estimate. Sales

04:46of 6.443 billion misses the 6.504 estimate. So Waste Management here still holding lower in the

04:56pre-market today, although considerably up off the lows. When this number came out, Waste Management

05:00actually sold off to 199.24, currently holding steady here this morning at 207.32.

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