Stock Market Overview
Sun, Oct 13th, 2024
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Stocks Settle Higher as US Banks Post Solid Earnings Results
Barchart - Fri Oct 11, 3:32PM CDT
The S&P 500 Index ($SPX) (SPY) Friday closed up by +0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.97%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.15%.
Stocks on Friday settled moderately higher, with the S&P 500 and Dow Jones Industrials posting new all-time highs. On Friday, the strength of bank stocks supported the overall market after JPMorgan Chase and Wells Fargo reported better-than-expected Q3 earnings results.
Friday’s stronger-than-expected US Sep producer price report bolstered expectations of slower interest rate cuts by the Fed and was bearish for stocks. Also, an -8% plunge in Tesla limited gains in the Nasdaq 100 after Elon Musk unveiled prototypes of the company’s robotaxi Cybercab, which analysts said was “light on details.” In addition, stocks were pressured after the University of Michigan US Oct consumer sentiment index unexpectedly declined.
Comments from Dallas Fed President Logan were slightly hawkish and... Read more
Macao's former top judge is chosen as the Chinese casino hub's first leader born in mainland China
AP - Sun Oct 13, 7:34PM CDT
Macao’s former top judge has been chosen the Chinese casino hub’s next leader
Big Week of Earnings Plus Other Key Things to Watch this Week
Barchart - Sun Oct 13, 2:00PM CDT
Last week was an interesting week from a news perspective, both CPI and PPI came in hotter than expected.
SP 500 Futures Target is 6140.00 and What Changes That
ONE44 Analytics - Sun Oct 13, 12:08PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Here's How to Invest in Rising Copper Demand Forecasts
Barchart - Sun Oct 13, 10:30AM CDT
As the world transitions to renewable energy and emerging technologies, copper demand is poised to surge, with forecasts predicting a significant increase in demand through 2035. The Global X Copper Miners...
Domino's Pizza Expands Its Free Cash Flow Margins - DPZ Stock is Worth 25% More
Barchart - Sun Oct 13, 9:00AM CDT
Domino's Pizza reported strong Q3 revenue growth and expanded free cash flow margins, albeit with lower revenue guidance. As a result, DPZ stock is worth at least 25% more. Out-of-the-money put options...
Microsoft Stock Has Underperformed in 2024, But Can It Catch Up in Q4?
Barchart - Sun Oct 13, 7:00AM CDT
Microsoft stock is underperforming the markets, as well as its Big Tech peers, in 2024. Can MSFT stock play catch-up in the final quarter of the year?
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