Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
Magnificent Earnings Week: What was your fave?
Views 94K Contents 478

November Starts with a Climb to end Tough Week | Wall Street Today

avatar
Kevin Travers joined discussion · Nov 1 15:03
November Starts with a Climb to end Tough Week | Wall Street Today
The market climbed to start the month of November despite a shockingly light non-farm labor number- the U.S. added just 12,000 jobs in the past month, 100k lower than estimated. However, the unemployment rate did not rise, and the report mentioned the disruptions caused by hurricanes and strikes as one-time events.
After 4pm ET the $S&P 500 Index (.SPX.US)$ traded +41 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.69% and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.80%. All three indexes ended October down about 0.5-1.3%.
MACRO
In macro, non-farm employment numbers came in at the lowest monthly report since 2020, when the number went negative during the first major wave of the pandemic. Still, the unemployment rate remained at 4.1%.
SECTORS
Within industries tracked by moomoo, Internet Retail was soaring with Amazon at the head- bringing 2T in market cap power to pull up much smaller firms.
November Starts with a Climb to end Tough Week | Wall Street Today
MOOVERS
$Amazon (AMZN.US)$ shares climbed 6% Friday after its third-quarter net sales hit $158.9 billion, up 11% from last year. For Q4, Amazon forecasts net sales between $181.5 billion and $188.5 billion, indicating a 7% to 11% growth. The midpoint of $185 billion slightly trails the $186.2 billion predicted by analysts. it was the highest gainer on the Dow.
$Apple (AAPL.US)$ Thursday reported that Q4 adjusted earnings and revenue beat and came in just above estimates for iPhone 16 sales worldwide. Adjusted earnings of $1.64/share, vs estimates of $1.60/share, on revenue of $94.93 vs estimates of $94.37B. Shares fell after weak guidance for its December holiday sales.
$Exxon Mobil (XOM.US)$ beat earnings expectations and hiked its dividend in its third-quarter earnings report, but the results weren't impressive enough to clear investors' high bar for the stock.
$Intel (INTC.US)$ shares jumped 7% Friday after its Thursday revenue came in high, but the firm lost an adjusted 46C a share in the Third quarter. Revenue for the quarter reached $13.28 billion, about 260M higher than estimated. New CEO Pat Gelsinger attempted to downplay loss and pin it to the previous leadership after he took the reigns in September.
$Charter Communications (CHTR.US)$ logged better-than-expected results in its latest quarter amid gains in services including residential mobile and residential internet. Shares were up more than 13% intraday Friday.
$Atlassian (TEAM.US)$ stock soared 18% Friday, the day after the productivity software company's quarterly results tore past estimates.
Who will win the Presidential Election, and how will it affect the market?
November Starts with a Climb to end Tough Week | Wall Street Today
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!
Word from the herd: Mooers, what are you watching?
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. 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 regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
50
2
+0
9
Translate
Report
431K Views