(Updated with index futures, automotive sector, oil sector, Kodiak Sciences, details on Pfizer, pre-market prices)
Main stocks to follow Tuesday on Wall Street, where futures contracts on the main indices suggest an opening down 0.13% for the Dow Jones .DJI, 0.19% for the Standard & Poor’s-500 .SPX and 0.31% for the Nasdaq
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* PFIZER PFE.N announced on Tuesday that it anticipates a profit for 2026 below Wall Street expectations, which causes a drop of 1.6% in the stock market.
* FORD FN announced on Monday that it would carry out a writedown of 19.5 billion dollars (16.58 billion euros) and abandon several models of electric vehicles (EV). The announcement represents the most dramatic example yet of the auto industry’s scaling back of EV ambitions, in response to Donald Trump’s administration’s policies on the sector and weakening demand. Ford shares gained nearly 1.3% in pre-market trading.
* AUTOMOTIVE SECTOR – The EU will set the CO2 emissions reduction target for car manufacturers’ fleets at 90% from 2035, MEP Manfred Weber announced on Tuesday, relaxing the current requirement which was set at 100% under intense pressure from Germany, Italy and the European automotive sector. Such a move could impact TESLA TSLA.O and Chinese electric vehicle makers.
* APPLE AAPL.O – A coalition of 20 application developers and consumer groups on Tuesday called on the European Union (EU) to apply the bloc’s laws against the American group, saying the company’s pricing structure unfairly disadvantages European developers compared to their American competitors.
* VISA VN and MASTERCARD MA.N – Large American retailers and trade associations are urging a federal judge in Brooklyn to reject a proposed out-of-court settlement on an antitrust case with Visa and Mastercard, saying it allows payments giants to continue charging excessive fees to merchants for credit card transactions and offers them few benefits.
* OIL SECTOR – Pre-stock market CHEVRON CVX.N and EXXON MOBIL XOM.N lose 0.4%, while CONOCOPHILLIPS
COP.N and OCCIDENTAL PETROLEUM OXY.N fell by 1% and 0.8% respectively against a backdrop of falling oil prices. US President Donald Trump says a deal to end the war in Ukraine is closer than ever.
* B. RILEY FINANCIAL RILY.O soars 27.4% in pre-market trading, the investment bank having reported a profit of $137.5 million for the second quarter, after a loss of $435.6 million a year earlier.
* IROBOT IRBT.O fell again on Tuesday in pre-stock market trading, by 23%, after a plunge of 67% the day before, the manufacturer of Roomba vacuum cleaner robots having placed itself under the protection of Chapter 11, the bankruptcy law.
* KODIAK SCIENCES KOD.O fell 4.4% in after-hours trading, the eye medication specialist having announced its intention to raise funds via an offering of six million shares.
(Writing by Diana Mandia and Claude Chendjou, editing by Kate Entringer)
