Stock market today: Wall Street mixed early following tech slide on China trade fears
abcnews.go.comPremarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China
Premarket trading was mixed Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China.
Futures for the Dow Jones Industrial Average ticked down 0.2%, while S&P 500 futures rose 0.2%. The tech-heavy Nasdaq, which had its worst day since 2022, rebounded 0.4%.
Domino's Pizza fell more than 10% after the company said it was lowering expectations on store openings this year. One of the pizza delivery chain's biggest franchisees, Domino’s Pizza Enterprises, is facing challenges in store openings and closings.
Chuy's jumped 47% after Darden Restaurants announced Wednesday that it was buying the Tex-Mex chain in a $605 million deal. Shares of Darden, which owns Olive Garden, LongHorn Steakhouse and a suite of other chains, fell less than 1% before the bell.
United Airlines rose 1.5% after the carrier beat second-quarter profit expectations. United also lowered third-quarter guidance, however, it reaffirmed its full-year forecast.
In Europe, officials at the European Central Bank meet later Thursday. Analysts expect officials expect the central bank to leave its key interest rate unchanged at 3.75% to make sure stubborn inflation is firmly under control before lowering its benchmark rate again.
At midday, France's CAC 40 was up 0.5%, Germany's DAX inched up 0.2% and Britain's FTSE 100 added 0.6%.
In Japan, the Nikkei 225 index finished down 2.4% at 40,126.35.
The markets' spotlight was squarely on chip companies after a report from Bloomberg News said U.S. President Joe Biden is considering
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