Stock Market Set to Open Lower as Investors Assess Quarterly Reports

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Stock Market Set to Open Lower as Investors Assess Quarterly Reports
Photo: Christine Olsson/TT

The flood of reports from major companies on the stock market continued on Friday morning, with quarterly figures from, among others, truckmaker AB Volvo, carmaker Volvo Cars and defense group Saab.

In its report, Volvo Cars announced a major cost-cutting package that will eliminate 2,500 jobs globally.

Asian trading overnight saw technology stocks in the AI sector continue to weaken, following price falls on Wall Street on Thursday.

The OMXS index fell 1.9 percent on Thursday, reducing its year-to-date gain to 5.6 percent.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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