In the central bank sphere, Boston Fed President Susan Collins, Cleveland Fed President Loretta Mester, and Richmond Fed President Thomas Barkin are slated to speak. U.S. equity futures are climbing Monday as investors are turn their attention to the U.S. midterm Walmart Stores Incorporated stock price elections and Thursday’s inflation report. Tomorrow’s election could see a shift in party control in one or both chambers of Congress, which would likely impact fiscal spending in the future. The Nasdaq 100 is trading 0.5% above fair value on the GLOBEX.
The current eight-session fall has erased $19 billion in Netflix market value based on preliminary values, also according to Dow Jones Market Data. The 1.4% decline for Netflix’s stock in Monday morning action comes as rival Walt Disney Co.’s stock is down 0.2%. Market price returns are based on the prior-day closing market price, which is the average of the midpoint bid-ask prices at 4 p.m. Market price returns do not represent https://dotbig.com/ the returns an investor would receive if shares were traded at other times. In corporate news, BioNTech SE is falling in pre-market action despite posting better-than-expected third-quarter profit and revenue. Berkshire Hathaway Inc (BRK’B) is climbing after topping analysts’ estimates for both profit and revenue. However, the firm reported an overall loss due to a declining stock market chipping away at their portfolio.
Rates & Bonds
Food-company execs are betting Americans will keep paying. And affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation ("BofA Corp."). Since Inception DotBig returns are provided for funds with less than 10 years of history and are as of the fund’s inception date. 10 year returns are provided for funds with greater than 10 years of history.
Konik’s recommendation comes after at-home and connected fitness company Peloton Interactive Inc. reported last week a sixth-straight wider-than-expected quarterly loss and provided a disappointing outlook for the holiday season. " reported results that imply in-home fitness is fading, and fading fast," Konik wrote in a note to clients. "In contrast, our data work suggests gyms are strong and getting stronger, and we see taking massive share long term." In other words, "Peloton’s pain is Planet’s gain," he wrote. The company is scheduled to report results before Tuesday’s https://dotbig.com/ opening bell, with the company expected to report a ninth-straight quarterly profit that rises to 38 cents per share from 25 cents, according to FactSet. The stock has dropped 21.8% year to date, while Peloton shares have dropped 22.9% and the S&P 500 has declined 8.8%. Treasuries are weakening as investors are looking ahead to a week filled with Federal Reserve speakers and upcoming economic data releases. The yield on the benchmark 10-year note is climbing four basis points (0.04%) to 4.21%, while the 30-year bond yield is up two basis points (0.02%) to 4.29%.
Markets rebound after promising COVID-19 vaccine trial
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- Meta stock jumped Monday as a report said the social network plans large-scale layoffs that could hit thousands of employees.
- Last week, investors digested a flurry of news and economic data.
- The yield on the benchmark 10-year note is climbing four basis points (0.04%) to 4.21%, while the 30-year bond yield is up two basis points (0.02%) to 4.29%.
- II does not undertake to advise you of any change in its opinions or the information contained in this report.
- NYSE Vice Chairman and newly appointed NYSE Institute President John Tuttle discusses this new initiative and the promise it holds for global policymakers and capital markets in the U.S. and abroad.
Why Solana, Arweave, and Aptos Are Down Big on Monday Crypto markets are factoring in some major risks in trading today. The New York Stock Exchange recently launched the NYSE Institute in support of U.S. NYSE Vice Chairman and newly appointed NYSE Institute President John Tuttle discusses this new initiative and the promise it holds for global policymakers and capital markets in the U.S. and abroad. CNBC announced the tenth annual CNBC Disruptor 50, a ranked list of fast-growing, stock market news today innovative private startups harnessing breakthrough technology to develop novel business models and inspire change in public incumbents. Running the NYSE demands unique leadership qualities, oversight of advanced data and technology, and the ability to preside over live broadcast events. NYSE President Lynn Martin takes the reins of an exchange off back-to-back record years for new listings and one positioned for a future where every company is a technology company.
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Barron’s live coverage of financial markets, from stocks and bonds to oil and crypto. While political campaigns have placed fiscal leadership into the spotlight, some strategists argue that midterm outcomes rarely influence financial markets outside of short-term volatility.
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Also, M&A activity is boosting the S&P 500 after Viatris agreed to buy Oyster Point and Famy Life Sciences. Higher T-note yields are limiting gains in stocks today, with the 10-year T-note yield up +3.4 bp at 4.192%. With regular updates throughout each trading session, the Stock Market Today column alerts you to any changes in market trend. You’ll also get ongoing analysis of the best stocks to buy and watch, and highlights of stocks flashing potential sell signals. Our DotBig market analysts keep you updated on the latest market trends including stock market data, news, market activity, and economic reports in the daily stock market commentary. The NYSE is where companies raise capital that they use to shape the future. As we’ve grown, our community has expanded to include leaders across sectors, and we strive to help make connections, facilitate conversations, and advance the interests of our listed companies and a broad range of investors.
The yield on the more policy-sensitive two-year note fell five basis points (0.05%) to 4.66%. Yields climbed this week following the Fed decision to raise rates by 75 basis points (0.75%). In commodities, West Texas Intermediate crude climbed 5% to $92.58/barrel amid tight global supply conditions and a softening U.S. dollar. The domestic benchmark added 5.4% this week as sentiment over supply outweighed demand concerns. The U.S. Dollar Index fell 2% today and notched a 0.3% weekly decline. The S&P 500 ended the session up ~1.4% recouping some of the losses for the week (-3.3%). It has been a bit of a volatile session in the overnight futures markets as well.
Why Shares of Affiliated Managers Group Are Rising Today The company reported third-quarter earnings results this morning. Why Shift4 Payments Stock Was Volatile Today After causing an initial pop, mixed third-quarter results ultimately sent the company’s share price falling. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Get Started Learn how you can make more money with IBD’s investing tools, top-performing stock lists, and educational content. The analysis you’ll find in the Stock Market Today is based on over 130 years of market history and a detailed study of every top-performing stock since the 1880s. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.