Posted 4/3/2024, 11:01:08 AM
Stocks Set to Open Lower as Investors Await Powell Speech for Rate Cut Clues; Intel and Tesla Targets Cut
- US stock futures point to more losses as faith in rate cuts fades; investors look to Powell speech for clues on policy pivot
- Intel shares fall around 5% in premarket on sharper operating losses in foundry business
- TSMC halts some chipmaking after Taiwan earthquake; raises concerns for supplier to Apple and Nvidia
- Tesla price target cut to $115 from $130 at JP Morgan on lackluster deliveries, sees large cash outflow
- Disney vs Nelson Peltz proxy battle votes due Wednesday; signs point to Disney victory in board fight