What's moving the market right now: Dow futures up 140, Apple record, coronavirus names bounce
are both down as weak revenue forecast from the two chipmakers overshadow better-than-expected earnings. AMD slid more than 4%, noting it expects first-quarter revenue to come in around $1.8 billion. That's slightly below a Refinitiv estimate of $1.86 billion. Xilinx, meanwhile, dropped 8.1% after the company issued a sales forecast ranging from $750 million to $780 million. That's well below a Refinitiv estimate of $825 million.
" —Stock futures are pointing to another day of strong gains after Apple's quarterly results easily topped analyst expectations. Dow Jones Industrial Average futures are up more than 140 points, indicating a gain of 174 points at the open. A swift turnaround in Boeing shares is also boosting the Dow. Worries over the coronavirus appear to have been set aside as investors turn their attention to the latest Federal Reserve decision on monetary policy.
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