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The NASDAQ 100 After Hours Indicator experienced a slight increase, up by 1.72 to 15,133.24, with an after-hours trading volume of 77,351,054 shares. This comes as several major companies prepare to release their Q3 earnings reports.
Citigroup (NYSE:) is among the corporations set to release their Q3 earnings report. The bank is forecasting an EPS of $1.24, indicating a substantial increase from the previous year’s EPS. Similarly, Bank of America has seen three upward revisions to its earnings forecast and is now expected to report a Q3 EPS of $0.81.
In the tech sector, Alphabet (NASDAQ:) saw a minor share price increase to $138.07, while Intel Corporation (NASDAQ:)’s last sale was 104.26% of its target price. Invesco QQQ Trust’s shares also increased by +0.22 to $368.81, marking a significant 45.05% increase from its 52-week low.
However, not all companies experienced growth. NextEra Energy (NYSE:)’s shares dipped slightly to $51.55.
In the pharmaceutical sector, Pfizer (NYSE:) reached 74.4% of its target price. Bristol-Myers Squibb Company (NYSE:) is eyeing a target price of $71.
In other corporate news, Comcast Corporation (NASDAQ:) received a “buy” recommendation while CRH (NYSE:) PLC hit a new 52-week high. American Electric Power Company (NASDAQ:) saw an increase of +0.065, and Trip.com Group Limited is targeting a price of $50.
With these developments in the market, investors will be closely watching the upcoming earnings reports and their potential impacts on share prices.
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