🇺🇸 Markets on Wednesday
#DowJones +0.3%
#Nasdaq -0.11%
S&P500 flat
🙁 Retailer Target -21% after posting its biggest earnings miss in 2 years & cutting its full-year guidance due to softening discretionary demand and cost pressures
Ripple Effect as Discount retailers slide 👎
SPDR S&P Retail ETF (XRT) -1%
Dollar Tree -2.6%
Dollar General -4.2%
Five Below -1.7%
E-commerce giant Amazon -1%
💪 Comcast +1.6% as the media company announced plans to spin off its cable networks, including MSNBC and CNBC.
According to CME’s FedWatch Tool 👉 Markets are pricing in a 59.1% chance of a 25 bps cut at the Fed’s December meeting versus 82.5% a week ago
Other Assets
⛽️ Brent Crude at $72.81/barrel
💲 Dollar index strengthens to 106.66
🇺🇸 10 year bond yield at 4.40%
🪙 Gold at $2,647/ounce, higher for 3rd straight session on escalating Russia-Ukraine tensions
🥈 Silver -0.6% to $31.03/ounce
💸 Bitcoin at 94760$
Stocks In After Market Hours
#NVIDIA -2% despite reporting better-than-expected results as co isn't topping expectations with the same magnitude as before.
Co reported +94% yoy surge in revenue for the 3rd quarter to $35.08 billion. Indicated growth will continue in the 4th quarter, guiding for revenues of about $37.5 billion
#Snowflake +19% after the data analytics software company beat expectations
What to track on Thursday?
1⃣ Economic data: Jobless claims and existing home sales
2⃣ Cleveland Federal Reserve President Beth Hammack, Chicago Fed President Austan Goolsbee & Kansas City Fed President Jeff Schmid are expected to give remarks throughout the day
3⃣ Corporate earnings front - Gap & Intuit
#DowJones +0.3%
#Nasdaq -0.11%
S&P500 flat
🙁 Retailer Target -21% after posting its biggest earnings miss in 2 years & cutting its full-year guidance due to softening discretionary demand and cost pressures
Ripple Effect as Discount retailers slide 👎
SPDR S&P Retail ETF (XRT) -1%
Dollar Tree -2.6%
Dollar General -4.2%
Five Below -1.7%
E-commerce giant Amazon -1%
💪 Comcast +1.6% as the media company announced plans to spin off its cable networks, including MSNBC and CNBC.
According to CME’s FedWatch Tool 👉 Markets are pricing in a 59.1% chance of a 25 bps cut at the Fed’s December meeting versus 82.5% a week ago
Other Assets
⛽️ Brent Crude at $72.81/barrel
💲 Dollar index strengthens to 106.66
🇺🇸 10 year bond yield at 4.40%
🪙 Gold at $2,647/ounce, higher for 3rd straight session on escalating Russia-Ukraine tensions
🥈 Silver -0.6% to $31.03/ounce
💸 Bitcoin at 94760$
Stocks In After Market Hours
#NVIDIA -2% despite reporting better-than-expected results as co isn't topping expectations with the same magnitude as before.
Co reported +94% yoy surge in revenue for the 3rd quarter to $35.08 billion. Indicated growth will continue in the 4th quarter, guiding for revenues of about $37.5 billion
#Snowflake +19% after the data analytics software company beat expectations
What to track on Thursday?
1⃣ Economic data: Jobless claims and existing home sales
2⃣ Cleveland Federal Reserve President Beth Hammack, Chicago Fed President Austan Goolsbee & Kansas City Fed President Jeff Schmid are expected to give remarks throughout the day
3⃣ Corporate earnings front - Gap & Intuit