Asia Markets
Wall Street Set to Open Marginally Lower in Tuesday Trading; Investors Continue to Monitor Middle East Conflict, Await Key Labor Data
US stocks look set to open marginally lower in Tuesday's trading session as investors continue to monitor flare ups in Middle East fighting and potential peace negotiations, while looking ahead to key labor data set for release later in the morning.The Dow Jones Industrial Average futures was off 0.1%, while S&P 500 futures and Nasdaq futures were down nearly 0.1% each.Oil prices were moving modestly higher, with front-month global benchmarks Brent crude rising 0.1% to $73.18 a barrel, while West Texas Intermediate crude was up 0.2% to $70.93 a barrel.In other world markets, Japan's Nikkei rose 0.9%, Hong Kong's Hang Seng declined 0.6%, and China's Shanghai Composite was up 0.5%. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 was up 0.9%, Germany's DAX increased 1.4%, and France's CAC was dropping 0.6%.In equities, shares of ABIVAX Societe Anonyme (ABVX) soared 36% pre-bell after the biotech firm reported positive phase 3 topline data Tuesday for obefazimod to treat ulcerative colitis.AeroVironment (AVAV) shares surged 28% after the company reported better-than-expected fiscal Q4 adjusted earnings and revenue.AEVEX's (AVEX) stock advanced 9% after it said Tuesday that it has received a $50 million US Air Force contract to continue expanding unmanned mission support capabilities for current operations.On the losing side, shares of Concentrix (CNXC) tumbled 24% after it reported fiscal Q2 non-GAAP net income late Monday of $2.63 per diluted share, down from $2.70 a year earlier.Shares of Vishay Intertechnology (VSH) fell 10% after it priced an underwritten public offering late Monday of 15 million common shares at $50 apiece for expected gross proceeds of about $750 million.Patrick Industries' (PATK) stock shed close to 9% after it and LCI Industries (LCII) agreed to merge in an all-stock transaction, the companies said Tuesday.
Dow JonesNasdaq CompositeS&P 500$ABVX$AVAV$AVEX$CNXC$LCII$PATK$VSH
