Premarket Movers: Goldman Sachs Jumps on Revenue Beat, Syndax Sinks on Trial Miss

By Finks Desk
Premarket Movers: Goldman Sachs Jumps on Revenue Beat, Syndax Sinks on Trial Miss

US futures split three ways before Tuesday's open. Dow E-minis rose 319 points, or 0.6%, S&P 500 futures added 0.03%, and Nasdaq 100 futures dropped 0.5% by 05:50 ET. Treasury yields slipped, with the 10-year near 5.19%, as traders waited on inflation data later this week.

Goldman Sachs climbed more than 4% in premarket trading after third-quarter revenue landed at $18.68B, well above the $16.71B LSEG consensus. Equities trading also came in stronger than analysts modeled.

JPMorgan Chase swung from a loss of as much as 3.5% to a gain of roughly 1.9%. Profit of $5.57 per share missed estimates and adjusted revenue of $50.9B fell short, though the bank lifted its 2026 net interest income outlook to $106.2B from $105.5B. Investment banking fees climbed 14% to $3B while fixed-income revenue slid 4%.

Wells Fargo fell between 1% and 2%. Revenue of $21.87B missed the $22.3B estimate, even as earnings of $1.87 per share edged past the $1.85 expected.

Citigroup slipped modestly despite beating on both lines, posting earnings of $2.85 per share against $2.66 expected and its strongest third-quarter revenue in 10 years at $23.85B.

UnitedHealth rose 3% after adjusted earnings of $4.69 per share topped the $4.14 consensus. Revenue reached $112.69B versus the $111.40B expected.

Johnson & Johnson fell 2.9% before the bell following its third-quarter report.

Domino's Pizza moved on quarterly results showing higher profit alongside US same-store sales growth of just 0.3%, down sharply from 5.2% a year earlier.

Syndax Pharmaceuticals sank 15% after axatilimab failed its primary endpoint in a Phase 2 study targeting idiopathic pulmonary fibrosis.

Chip selloff spreads west

Micron Technology lost 3.9% as memory names took the brunt of a global chip rout. China's CXMT said it had advanced a new DRAM design, raising fears of a cheaper domestic rival to Micron, Samsung, and SK Hynix.

Advanced Micro Devices fell 2.3% and Intel also traded lower, caught in the same wave of pressure. South Korea's Kospi sank 5.5%, with SK Hynix plunging 10.1% and Samsung Electronics down 7.4%.

Nvidia slid 1.3% as reports citing IDC data showed its share of China's data-center AI chip market dropped to 34% in the first half of 2026.

Broadcom fell 1.9% after chief executive Hock Tan flagged that funding, rather than chips or electricity, could become the real constraint on AI infrastructure buildouts.

Tesla drew attention in premarket trading as the company showcased its Cybercab robotaxi.

Traders get September existing home sales later Tuesday, with the week's inflation data due Wednesday shaping up as the bigger test. Oil prices fell more than 1%, and gold edged higher.