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US Stock Market Live Update: Wall Street set for breather as Dow futures drop 350 pts; Nasdaq, S&P pull back in premarket

Published on 23/04/2026 05:51 PM

American Airlines cut its 2026 earnings forecast, joining peers in lowering outlooks as rising fuel costs drive up expenses.For the first quarter, the airline reported an adjusted loss of 40 cents per share, narrower than the 47-cent loss expected, while revenue came in at $13.91 billion, ahead of estimates of $13.79 billion.Despite the guidance cut, shares of American Airlines rose nearly 2% in premarket trading.Honeywell shares tumbled more than 5% in premarket trade after the company issued a weaker-than-expected second-quarter outlook, citing the impact of geopolitical tensions linked to the Iran war.The company forecast Q2 earnings of $2.35–$2.45 per share, below estimates of $2.56, while revenue is expected between $9.4 billion and $9.6 billion, also missing consensus projections.Honeywell flagged weakness in its process automation and technology segment, pointing to a “challenging geopolitical environment,” while free cash flow fell year-on-year to $100 million, partly due to delayed collections.Netflix announced a fresh $25 billion share buyback programme, signaling a return to capital distribution.The move comes after the company stepped away from a potential deal involving Warner Bros. Discovery’s assets.Shares of Netflix rose more than 1% in premarket trading following the announcement.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.