Stock Market Today: Dow Rallies a Second Day

Hershey raised its 2022 net sales growth forecast to 14% to 15%, from 12% to 14%. It expects adjusted profit per share to grow by 14% to 15%, against https://dotbig.com/ the prior forecast of 12% to 14%. The movie theater owner posted revenue of $650.4 million in the period, also surpassing Street forecasts.

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Thomson Reuters Products

"Earnings expectations for next year are significantly too high, maybe as much as 20%," Morgan Stanley Chief US Equity Strategist Mike Wilson says during an interview on https://dotbig.com/ "Bloomberg The Open." The lithium market will grow nearly 4X over the next 8 years, from the 320,000 metric tons mined last year, to 1.4 million metric tons by 2030.

• There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed.
• U.S. stock futures rose Monday to kick off a busy week that includes midterm elections that will determine control of Congress, and economic data that includes the latest read on inflation.
• The Dow Jones was developed by Charles Henry Dow and originally contained just 12 American companies.
• Auctioneers sank over 20% after reporting better-than expected Q3 EPS but missing on revenue.

That’s down from 263,000 the previous month and would mark the weakest job growth since December 2020. U.S. West Texas Intermediate crude futures traded around $90.00 a barrel putting the contract on course for a weekly gain of 1%. ECONOMY October jobs report solid making Fed’s inflation fight harder October’s job report signals the Federal Reserve is facing more challenges in their quest to tame inflation and cool the economy.

News

Several top executives have already exited the company amid the impending layoffs, including former CEO Parag Agrawal, Chief Finanical Officer Ned Segal, and policy chief Vijaya Gadde. Elon Musk is moving forward with his plans to reshape Twitter’s workforce, informing the company’s 7,500 stock market news today employees that layoffs will start on Friday, according to the Washington Post. "We recognize that this will impact a number of individuals who have made valuable contributions to Twitter, but this action is unfortunately necessary to ensure the company’s success moving forward."

U.S. stocks opened higher on Monday, putting the main benchmarks on track to erase some of last week’s losses as investors await Tuesday’s midterm elections. U.S. stock futures rose Monday to kick off a busy week that includes midterm elections that will determine control of Congress, and economic data that includes the latest read on inflation. ‘Mad Money’ host Jim Cramer joins ‘Squawk Box’ ahead of the market open on Monday to break down how investors should navigate the midterm elections on Tuesday. Auctioneers sank over 20% after reporting better-than expected Q3 EPS but missing on revenue.

The country saw inflation clock in at 10.1% in September, matching the 40-year high seen in July. The British pound fell nearly 1% against the US dollar to 1.123 following the inflation data.

Company news

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. Funko, Inc. on Thursday reported third-quarter profit of $9.6 million. The company on Friday reported a loss of $450.5 million in its third quarter. The digital sports entertainment https://dotbig.com/markets/stocks/UBER/ and gaming company reported 1.6 million average monthly unique players at September 30. Analysts were expecting 2 million, according to Bloomberg. After last week’s mixed bag of labor market reports, the Fed could still have a hard time making a case for slowing rate hikes.

things to know about the COVID-19 vaccine supply chain

Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Shift4 Payments reported earnings and revenue that topped estimates while… Medical products provider Haemonetics gapped up 3.1% after beating fiscal Q DotBig top and bottom-line estimates. European markets were mixed, with the German DAX stock index higher by 0.4% in afternoon trading while the Paris CAC 40 was unchanged. Economists surveyed by Refinitiv say the U.S. economy likely added 200,000 new nonfarm jobs in October.

Economic data ‘a bigger driver’ for markets than the election: Political analyst

Data in October showed the vaccine produced a strong response after a week. Hershey estimated its Halloween retail sales rose by a high-single-digit percentage, even as ingredient shortages and supply constraints curbed growth. The move follows a week of chaos and uncertainty about the company’s future under new owner Elon Musk. Twitter Inc temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed https://dotbig.com/markets/stocks/UBER/ by email about whether they were being laid off. Saturday’s estimated jackpot has surpassed the world record amount previously set by Powerball in 2016, when tickets in California, Florida and Tennessee won a $1.586 billion jackpot. LIFESTYLE Powerball jackpot reaches $1.6B, breaking lottery record The Powerball jackpot climbed to an estimated $1.6 billion ahead of a Saturday evening drawing. That lottery prize tops the previous record of $1.586 billion.

Private Companies

There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. But if Trump is allowed back on Twitter, the appeal of an alternative stock price of Uber Technologies social media platform could lose its luster for both Trump and investors. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.