Stock market today: Dow, S&P 500, and Nasdaq futures slide as oil rises, Tesla slips after earnings

Yahoo Finance’s Ines Ferré reports:

Honeywell (HON) banal tumbled much than 5% successful premarket trading connected Thursday.

The concern conglomerate issued a 2nd 4th nett forecast that came successful beneath Wall Street estimates, successful portion owed to the Middle East war. The institution highlighted a gross diminution successful its process automation and exertion business, citing “a challenging geopolitical environment.”

Free currency travel of $100 cardinal was down twelvemonth implicit year, chiefly owed to the timing of collections, stemming partially from conflict.

Honeywell expects 2nd 4th net successful the scope of $2.35 to $2.45 per share, compared with estimates of $2.56. Sales for the 4th are projected to beryllium betwixt $9.4 cardinal and $9.6 billion, beneath the statement estimation of $9.73 billion.

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Netflix (NFLX) said connected Thursday its committee has authorized an further $25 cardinal stock ‌repurchase program, resuming superior returns aft the ‌streaming elephantine walked distant from a $72 cardinal woody to bargain Warner ​Bros Discovery's (WBD) assets.

Shares successful Netflix roseate implicit 1% earlier the bell, pursuing the announcement.

Reuters reports:

The caller authorization is connected apical of a buyback approved successful December 2024 and has nary expiration date. ‌Netflix had astir $6.8 cardinal ⁠remaining nether its erstwhile buyback program arsenic of March end.

In the 2 months ⁠since it walked distant from the Warner Bros merger race, Netflix has rolled retired a bid of maturation ​initiatives, including ​the acquisition of Ben ​Affleck's AI film-tech steadfast ‌InterPositive, raised subscription prices successful the U.S. and launched a gaming app for kids.

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Tim Cook announced plans to measurement down arsenic Apple (AAPL) CEO this week, with longtime Apple insider John Ternus taking the relation connected Sept. 1.

Among his peers astatine the apical of the firm ladder, this improvement makes Cook's determination to measurement distant present acold from unique.

Yahoo Finance’s Myles Udland reports:

Data from consultancy Russell Reynolds recovered that successful the archetypal 4th of 2026, determination were 77 incoming CEOs named crossed the 13 indexes tracked by the firm, which includes the S&P 500, FTSE 100, and Germany’s DAX 40, among others.

This marked the highest archetypal 4th full since astatine slightest 2018. In 2025, CEO departures deed a grounds high.

Cook volition besides permission Apple aft 15 years astatine the helm. Russell Reynolds’ information recovered that the tenure of outgoing CEOs — specifically successful the US — roseate sharply wrong the past year, to 11.8 years from 8.3 years successful 2025.

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Intel (INTC) volition study its archetypal 4th net aft the doorbell connected Thursday arsenic AI continues to thrust expanding request for the company’s chips.

Yahoo Finance’s Daniel Howley takes a look astatine what’s to watch.

Intel missed retired connected the archetypal AI roar owed to its deficiency of chips susceptible of moving AI models, arsenic good arsenic those from Nvidia (NVDA).

And portion Nvidia took afloat vantage of its AI spot lead, transforming itself into a astir $5 trillion company, Intel is yet connected the cusp of grabbing its ain portion of the AI bonanza.

That’s due to the fact that arsenic AI agents, semi- oregon afloat autonomous AI bots that tin execute tasks connected users’ behalf, proceed to go much popular, cardinal processing units (CPUs) similar the ones Intel makes are becoming progressively important to information halfway companies and hyperscalers.

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Bloomberg reports:

Oil roseate for a 4th time arsenic the US and Iran remained locked successful a conflict for power of the Strait of Hormuz aft failing to conscionable for a caller circular of bid talks.

Brent (BZ=F) traded adjacent $104 a tube aft jumping astir 13% successful the past 3 sessions, portion West Texas Intermediate (CL=F) was astir $95. US President Donald Trump said the truce agreed April 7 would enactment successful spot indefinitely portion Washington waits for Iran to taxable a caller bid proposal, though Tehran says it has nary plans to instrumentality portion successful negotiations imminently.

Global benchmark Brent jumped arsenic overmuch arsenic 4.2% aboriginal successful the league earlier rapidly reversing connected unconfirmed reports that determination were explosions successful Iran.

The warfare has rattled vigor markets since it started astatine the extremity of February, with the near-closure of the Strait of Hormuz causing a crisp driblet successful flows from large producers successful the Persian Gulf. The US maintained a naval blockade connected ships going to and from Iran’s ports to heap unit connected the Islamic Republic, successful a determination Foreign Minister Abbas Araghchi called a usurpation of the ceasefire.

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Reuters reports:

ServiceNow (NOW) reported connected Wednesday that delays successful closing respective ample authorities deals successful the Middle East wounded first-quarter subscription gross ‌growth, sending its shares down 12% successful extended trading.

The institution said its ‌subscription gross maturation faced astir a 75-basis-point headwind from delayed closures of respective ample on-premises deals successful the ​region owed to the ongoing conflict.

Chief Operating Officer Amit Zavery told Reuters that those deals are expected to adjacent passim the year. "We don't cognize erstwhile these conflicts volition get sorted out, but we proceed to enactment with these customers," helium said.

ServiceNow, similar its peers, is besides ‌facing capitalist concerns that artificial ⁠intelligence tools could displacement endeavor clients distant from accepted bundle by automating immoderate of the tasks antecedently done by their products.

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Bloomberg reports:

Texas Instruments Inc. (TXN) shares surged successful precocious trading aft the chipmaker gave a amazingly beardown forecast, helped by booming spending connected information centers and concern equipment.

Revenue volition beryllium $5 cardinal to $5.4 cardinal successful the 2nd quarter, the institution said successful a connection Wednesday. Analysts had estimated $4.85 cardinal connected average, according to information compiled by Bloomberg.

A resurgence successful request for concern components spanned each geographies and segments, Chief Executive Officer Haviv Ilan said connected a league telephone with analysts. The company’s gross is inactive abbreviated of anterior peaks, but that’s spurring optimism that the run-up tin continue, helium said.

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