American Express, SLB, Crown Castle, Deckers and Western Digital
Friday, October 23, 2026 | US Stock Market Premarket Report
US stocks entered Friday’s trading session under pressure as investors assessed corporate earnings, higher crude oil prices, rising Treasury yields and concerns surrounding technology-sector valuations. American Express, SLB, Crown Castle, Deckers Outdoor and Western Digital were among the companies drawing attention before the opening bell. The day’s economic calendar also featured preliminary US business activity figures and consumer sentiment data, making Friday an important session for evaluating corporate profitability, inflation expectations and the broader economic outlook.
US Stock Futures: Wall Street Signals a Weaker Opening
US equity futures pointed lower on Friday morning following weakness in technology shares during the previous session. Dow Jones Industrial Average futures declined approximately 0.7%, S&P 500 futures fell 0.3%, and Nasdaq futures slipped 0.1%, according to a premarket report. Crude oil rose approximately 1.6% to $101.10 per barrel, while the benchmark 10-year US Treasury yield reached approximately 5.01%. Higher energy costs and borrowing yields remained important factors influencing market sentiment, particularly for companies with elevated valuations or significant financing requirements.
American Express (AXP): Strong Earnings and Higher Annual Guidance
American Express reported third-quarter adjusted earnings of $4.68 per share, exceeding analysts’ expectations, while revenue reached $20.06 billion, slightly below forecasts. The company also increased its full-year earnings-per-share outlook to a range of $18.30 to $18.60. Its results highlighted continued spending among affluent cardholders, an important segment of the company’s customer base. Investors were assessing whether premium consumer spending could remain resilient despite inflationary pressures and uncertainty surrounding the broader economy. The earnings announcement also placed attention on credit quality, cardmember spending and the company’s ability to maintain profitability.
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SLB (SLB): Quarterly Earnings and Energy Industry Conditions
SLB, the global energy technology and oilfield services company, was scheduled to release its third-quarter earnings before Friday’s market opening. Published estimates placed quarterly earnings near $0.62 per share and revenue around $9.27 billion, although consensus estimates differed slightly across providers. The results were particularly relevant as oil prices remained elevated amid geopolitical uncertainty. SLB’s operations span drilling technology, production systems and digital services, making its financial performance an indicator of spending across the international energy industry. Investors were focused on customer activity, regional performance and management’s assessment of demand for energy technology services.
Crown Castle (CCI): SpaceX Tower-Leasing Reports
Crown Castle shares rose more than 10% in premarket trading following reports that SpaceX was discussing cell-tower leasing arrangements to support the expansion of Starlink Mobile. The reports indicated that SpaceX was seeking access to at least 80,000 US cell sites. American Tower also advanced, while shares of major wireless operators, including AT&T, Verizon and T-Mobile, declined amid concerns about potential competition. The developments attracted attention because tower infrastructure is an important component of wireless network expansion. However, the reported negotiations did not establish that a final agreement had been signed or that specific commercial terms had been confirmed.
Deckers Outdoor (DECK): Revenue Miss and Reduced Sales Forecast
Deckers Outdoor shares declined approximately 9% before the opening bell after the footwear company reported quarterly revenue of $1.48 billion, below analysts’ expectations. Although earnings exceeded forecasts, the company reduced its full-year sales guidance to between $5.70 billion and $5.73 billion. The earnings performance also benefited partly from tariff refunds, according to the reported results. The reduced revenue outlook raised questions about consumer demand and sales momentum in the footwear market. Investors were evaluating how changing spending patterns, pricing conditions and operating costs could influence the company’s performance during the remaining financial year.
Western Digital (WDC): Earnings Growth and Data Storage Demand
Western Digital reported fiscal first-quarter 2027 results on Thursday, October 22, with adjusted earnings of $4.64 per share and revenue of $4.38 billion. The company’s revenue increased approximately 55% from the corresponding period a year earlier. Despite exceeding earnings expectations and providing an improved outlook, its shares declined approximately 3% in extended trading. The reaction reflected continued scrutiny of technology companies following strong share-price performances. Western Digital’s results also brought attention to enterprise storage demand, data-centre infrastructure and the financial implications of expanding artificial intelligence workloads.
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Other US Earnings Scheduled for Friday
Friday’s earnings calendar also included Eni, Booz Allen Hamilton, Autoliv, Gentex, First Citizens BancShares and First Hawaiian. These companies represent several industries, including energy, government consulting, automotive technology and financial services. Their results provide additional information about corporate spending, consumer demand, operating margins and credit conditions. Most of the identified major earnings announcements were scheduled before the opening bell. A significant after-close earnings release from the companies covered could not be independently confirmed for Friday.
US Economic Calendar: PMI and Consumer Sentiment
The October preliminary S&P Global manufacturing and services purchasing managers’ indexes were scheduled for 9:45 a.m. Eastern Time on Friday. The University of Michigan’s final October consumer sentiment reading and associated inflation expectations measures were scheduled for 10:00 a.m. Eastern Time. Baker Hughes’ weekly drilling-rig figures were also listed for 1:00 p.m. Eastern Time. These releases provide information about business activity, household confidence, inflation expectations and energy-sector operations. The results are particularly relevant as investors assess whether persistent price pressures could influence future monetary policy decisions.
Federal Reserve and Bank of England Updates
The Federal Reserve remained in its scheduled communications blackout period ahead of its October policy meeting. The blackout runs from October 17 through October 29, restricting public monetary-policy commentary by Federal Reserve officials. Consequently, no regular Fed policymaker speech was expected on Friday. No specific Bank of England policymaker speech for October 23 was independently confirmed in the reviewed information. Market attention therefore remained concentrated on economic releases, corporate earnings, Treasury yields and developments affecting energy prices.
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