October 28, 2024
Business - 10/28
πŸ“ˆ Stock Stability Amid Bond Yield Surge , πŸ’» Big Tech Earnings to Drive Markets...

πŸ“ˆ Stocks are steady, but bond yields surged as investors adjust their expectations around potential Fed rate cuts before the upcoming election.

πŸ’‘ Upcoming tech earnings reports include those from Alphabet, Microsoft, Meta, Apple, and Amazon, which could significantly impact market trends.

🏦 Investors are closely watching the Federal Reserve's preferred inflation gauge and October's jobs report.

🌱 Economic growth is expected to show a 3% annualized rate for the third quarter.

πŸ’Ό The October jobs report predicts 125,000 new jobs, with unemployment stable at 4.1%.

πŸ“‰ Market expectations show a 96% chance of a Fed interest rate cut in November.

πŸ’‘ Investors are keen to learn how Big Tech's investment in AI is impacting profits.

πŸš— Ford, AMD, McDonald's, Eli Lilly, and Exxon are among key companies reporting their quarterly results.

πŸ“š GDP, inflation, job openings, and consumer confidence updates are all on this week's economic calendar.

πŸ€– Meta's ad sales grew 22% after enhancing AI for ad targeting and recommendations on Instagram and Facebook.

πŸ› οΈ New reports on the manufacturing and services sector will provide further insights into economic activity.

πŸ“ˆ Tesla's US EV market share fell below 50% as competitors like GM and Honda increased production.

πŸ“‰ Apple saw a 12% drop in preorder sales for its new AI-equipped iPhone 16 compared to the previous model.

Upgrade your mornings now