Microvast Holdings announces departure of chief financial officer
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* Futures: Dow up 0.3%, S&P up 0.2%, Nasdaq down 0.1%
By Medha Singh
Oct 23 (Reuters) - Futures tracking the S&P 500 and the Dow
edged higher on Friday, as investors anticipated progress in
bipartisan talks over the next coronavirus aid bill ahead of the
Nov. 3 presidential election.
U.S. House Speaker Nancy Pelosi said on Thursday there was
progress in negotiations with the White House, but Senate
Republicans remained skeptical of a possible deal costing
trillions of dollars. Uncertainly over the timeline of the relief legislature has
been weighing on Wall Street's major indexes, which were set to
end a choppy week slightly lower.
Meanwhile, a record 47 million Americans cast ballots,
eclipsing total early voting from the 2016 election. President
Donald Trump and Democratic rival Joe Biden debated on Thursday
for the last time to persuade the few remaining undecided voters
12 days before their contest. At 06:24 a.m. ET, Dow E-minis 1YMcv1 were up 0.31% at
28,352 points, S&P 500 E-minis EScv1 rose 0.17% to 3,455
points. Nasdaq 100 E-minis NQcv1 fell 0.07% to 11,643 points.
Third-quarter earnings season chugged along with 126 S&P
firms having reported so far. About 84% of them have topped
quarterly profit estimates, according to Refinitiv data.
Chipmaker Intel Corp INTC.O tumbled nearly 10% in
premarket trading after it reported that margins fell as
consumers bought cheaper laptops and pandemic-stricken
businesses and governments clamped down on data center spending.
Gilead Sciences Inc GILD.O jumped 5.8% as its antiviral
drug remdesivir became the first and only drug approved for
treating patients hospitalized with COVID-19 in the United
States. Apple Inc AAPL.O edged 0.3% higher as two of its latest
iPhone 12 models went on sale in China on Friday.