Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Market Climbs as Investors Prepare for Biggest Earnings Week of the Year | Live Stock

avatar
Kevin Travers wrote a column · Oct 28 23:40
Good morning, traders. Happy Monday, October 28th. The market is climbing, with just one S&P 500 sector in the red. It is the start of a massive earnings week, with every mag seven tech giant reporting besdies $Tesla (TSLA.US)$ who reported last week, and $NVIDIA (NVDA.US)$, set for a report November 21st.
$Alphabet-A (GOOGL.US)$ reports Tuesday alongside $Advanced Micro Devices (AMD.US)$, $Meta Platforms (META.US)$ and $Microsoft (MSFT.US)$ release Wdnesday, and $Apple (AAPL.US)$ and $Amazon (AMZN.US)$ arrive Thursday- look out for a first word on their results here on moomoo.
My name is Kevin Travers; here is the news about animal spirits moving markets today.
$Boeing (BA.US)$ fell about 1% Monday morning, the lowest decliner on the Dow at times after the firm said it would sell about $19 billion in stock to shore up its balance sheet. According to the WSJ, the firm will launch a public offering for 90 million shares of common stock at $14 billion in value -- and issue $5 billion in preferred stock.
$Oklo Inc (OKLO.US)$ climbed 27%, leading a push in the nuclear power sector caused in part after a 60 Minutes TV segment featuring $Centrus Energy (LEU.US)$ CEO Amir Vexler, who said the nuclear power industry supplies 20% of American power and relies on Russian Uranium. The nuclear industry has seen massive demand from mag seven tech companies to fulfill the dramatic needs of AI data centers.
$ON Semiconductor (ON.US)$ climbed just 3% after the automotive chip company reported an expected 19% drop in revenue Monday morning, but adjusted earnings and profit above estimates.
$Crude Oil Futures(FEB5) (CLmain.US)$ fell 5% after Israel struck targets in Iran over the weekend- killing four soldiers by bombing air defense systems and military targets. However, Iran downplayed the damage, and senior Biden administration officials told Bloomberg the lack of response and light attack by Israel was due in part to their efforts to mitigate a military confrontation between the two regional powers.
$Bitcoin (BTC.CC)$ climebd a bit to $68k. Gold fell while silver climbed, the     $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the       $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market climbed with enthusiasm as traders looked forward to the coming week of earnings flurry.
Market Climbs as Investors Prepare for Biggest Earnings Week of the Year | Live Stock
Just past 11:53 am ET the     $S&P 500 Index (.SPX.US)$ traded +0.38% the       $Dow Jones Industrial Average (.DJI.US)$ climbed 0.64%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.24%.
In macro this week, investors are watching for inflation signals before the following weeks FOMC meeting to decide any policy change necessary. GDP numbers for Q3 are coming Wednesday, Thursday is the PCE, the favorite inflation gauge of the Fed, and Friday will see nonfarm labor data.
Market Climbs as Investors Prepare for Biggest Earnings Week of the Year | Live Stock
Who will win the Presidential Election, and how will it affect the market?
We want YOU to tune in live on November 5th, U.S. election day, for a special moomoo news and community event. Come watch Nov 5th at 6:30 PM ET as the vote counts roll in with our local news team and a party of guests! Subscribe: click here to join the live discussion NOW!
Over the weekend, users were talking caution and excitement for a major week of results. Some cut their positons, some invested more, and many also wished moomoo a happy twelfth birthday.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
39
2
1
1
+0
7
Translate
Report
445K Views