Market Overview - U.S. stock futures showed mixed performance after a lower close on Tuesday, with major indices fluctuating [1][3] - Investors viewed recent corporate earnings as solid but not exceptional, leading to profit-taking after strong year-to-date rallies [1] Company Performance - Palantir Technologies Inc. (NASDAQ:PLTR) experienced an 8% decline despite exceeding Wall Street estimates and raising its full-year guidance [1] - Advanced Micro Devices Inc. (NASDAQ:AMD) fell 2.81% in premarket trading, projecting fourth-quarter revenue of approximately $9.6 billion, plus or minus $300 million [6] - Qualcomm Inc. (NASDAQ:QCOM) was down 0.42% ahead of its earnings report, with expectations of $2.87 earnings per share on $10.77 billion revenue [7] - Robinhood Markets Inc. (NASDAQ:HOOD) rose 0.66%, with analysts anticipating earnings of $0.53 per share on $1.21 billion revenue [7] - Pinterest Inc. (NYSE:PINS) dropped 18.90% after reporting third-quarter revenue of $1.05 billion, with adjusted earnings missing estimates [7] - McDonald's Corp. (NYSE:MCD) slipped 0.36% before its earnings report, expected to be $3.33 per share on $7.09 billion revenue [7] Sector Performance - The sectors that posted the largest losses included communication services, consumer discretionary, and information technology, contributing to a negative close for most S&P 500 sectors [8] Analyst Insights - BlackRock maintains a positive outlook on U.S. stocks, highlighting artificial intelligence as a significant market driver, supported by solid tech earnings [10] - The firm anticipates Federal Reserve rate cuts, likely in December, due to a softening labor market, which could support U.S. stocks [11] - BlackRock's view suggests that U.S. valuations are backed by stronger earnings and profitability compared to other developed markets [12]
Stock Market Today: S&P 500, Nasdaq Futures Slip Amid Mixed Trade—McDonald's, AMD, Qualcomm, Robinhood In Focus