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Stock futures fall as Wall Street gets set to add to September’s losses: Live updates

2 Hours Ago

European markets open lower

European markets opened lower as negative momentum continues in the region.

The pan-European Stoxx 600 index was down 0.5% in early trade, with all sectors in the red. Tech stocks saw the biggest decline, falling 1.2%, while household goods fell 1%.

— Hannah Ward-Glenton

8 Hours Ago

Kishida outlines stimulus plan featuring tax breaks for semiconductors and batteries: Japanese media

Japan Prime Minister Fumio Kishida outlined an economic stimulus plan that includes tax breaks for domestic investments and measures to spur wage growth, Japanese media reported.

The Japan Times reported Kishida said his government “aims to encourage investment and wage hikes through measures such as reducing tax and social security burdens.”

Nikkei reported Kishida as saying the hope is to “realize a virtuous economic cycle of capital investment, wage growth and investment in people.”

The stimulus package is also expected to include tax cuts for income from “key strategic fields,” including semiconductors and batteries.

— Lim Hui Jie

8 Hours Ago

Japan’s wholesale inflation for service sector climbs at fastest pace since September 2022

Japan’s service producer price index climbed 2.1% year on year in August, its fastest rate of increase in a year.

The reading was higher than July’s 1.7%, and the third straight month that wholesale inflation in the service sector has quickened.

On a month on month basis, the service PPI climbed 0.1%.

— Lim Hui Jie

11 Hours Ago

RV maker Thor Industries beats on earnings estimates

Recreational vehicle provider Thor Industries beat on the top and bottom line after the closing bell on Monday.

See Chart…

Thor Industries stock.

The company reported an adjusted $1.68 per share on $2.74 billion in revenue, while analysts polled by LSEG forecast an adjusted 96 cents and $2.42 billion, respectively. Thor executives issued full-year guidance for revenue in the range of $10.5 billion to $11 billion, Wall Street had expected $10.8 billion.

Shares were roughly 1% lower in after hours trading.

— Brian Evans

11 Hours Ago

Stock futures open little changed

Stock futures opened little changed on Monday, with the S&P 500 and Nasdaq Composite coming off of winning sessions for the first time in four days.

Futures tied to the Dow Jones Industrial Average added 8 points, or 0.02%. S&P 500 futures gained 0.05%, while Nasdaq 100 futures ticked up by 0.07%.

— Brian Evans

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