Chevron's fourth-quarter results fell short of analyst expectations, and the company's shares fell by 1% in premarket trading on Friday. Chevron and its rival oil-and-gas producers could face a rockier year in 2023, according to investors and analysts. This is because an anticipated slowdown in U.S. economic growth could dent demand for oil, and if China’s reopening from strict Covid-19 restrictions unfolds slowly.
Shares of Mobileye, a company specializing in assisted driving, rose 8% after Deutsche Bank began covering the stock with a buy rating.
Moderna MRNA 3.21% is a rare example of a company in recent history.
United Airlines saw a 3.5% increase in their stock after the company reported their fourth quarter earnings that exceeded the expectations of Wall Street. The airline reported an adjusted earnings per share of $2.46 on $12.4 billion in revenue, which was higher than the predicted $2.10 and $12.2 billion in revenue from Refinitiv.
The central bank district's monthly Survey of Consumer Expectations for December showed that the one-year inflation outlook declined to 5%, down 0.2 percentage points from the previous month. This is the lowest level since July 2021.