Stock market today: Wall Street declines in early trading with a bevy of earnings on the way
Wall Street was on track to open with losses on Wednesday as more high-profile companies roll out their latest financial results
Wall Street is on track to open with losses Wednesday as more high-profile companies roll out quarterly financial results.
Futures for the S&P 500 fell 0.2% before the opening bell, while futures for the Dow Jones Industrial Average gave up 0.5%.
McDonald's tumbled 7% in extended hours after U.S. regulators reported that an E. coli outbreak linked to the fast food giant's Quarter Pounder hamburgers sickened dozens of people across the U.S., including one who died. The U.S. Centers for Disease Control and Prevention said 49 people in 10 states reported eating at McDonald’s before falling ill and most mentioned eating Quarter Pounders.
Coca-Cola reported higher-than-expected revenue in the third quarter as higher prices offset lower sales volumes.
Boeing shares were unchanged ahead what could be one of the most consequential days in years for the troubled aerospace manufacturer. The company is expected to report a huge third-quarter loss, introduce its new CEO on his first earnings call, and learn if machinists will end a strike that has crippled the company’s aircraft production for more than a month. Boeing shares are down nearly 40% this year.
Starbucks skidded 4.7% overnight after the Seattle coffee chain's fourth-quarter profits fell well short of Wall Street's targets and pulled its 2025 guidance. Starbucks said its expanded fall product offerings — such as its Pumpkin Spice Latte — did not drive store visits, with same store sales declining 6% year-over-year. The results were preliminary, with final fourth-quarter results coming next week.
Shares of Spirit Airlines took off on reports
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