US stocks opened lower on Wednesday, October 23, penalized by cut earnings estimates by several companies, which revived fears over the global slowdown and the impact of the Sino-US trade war.
Technological Nasdaq lost 0.18% to 8,088.79 points while the S & P500 devalued 0.03% to 2,995.14 points. The Dow Jones countered, with a 0.17% rise to 26,832.54 points.
Texas Instruments sinks 8.38% to $ 117.80 after cutting fourth-quarter revenue estimates, negatively affecting the chipmaker's entire industry. Intel loses 1.06% to $ 51.46, Analog Devices drops 3.61% to $ 106.88 and Nvidia depreciates 2.30% to $ 191.12.
Caterpillar has also cut its earnings estimates, based on the forecast that demand from China will be lower than expected. Still, the bonds advance 0.8% to $ 134.20.
Falling short of expectations were also Boeing's numbers, which revealed Wednesday a drop of more than 50% of profits in the third quarter of this year. However, the aircraft maker said it expects a return to service of its 737 Max in the last three months of the year, which is contributing to a 2.43% rise in shares to $ 345.20.
Although so far most S & P500 companies that have submitted their accounts have exceeded projections, analysts expect the first profit contraction since 2016.
On Wednesday, on the upside, are some health-care companies such as Alexion Pharmaceuticals, which is up 4.07% to $ 103.32.