and the Nasdaq on track to open higher, as investors geared up for a week packed with corporate earnings and economic data that will likely test stretched stock market valuations.Nasdaq 100
Major financial companies kicked off the third-quarter corporate earnings season on a broadly positive note on Friday, with JPMorgan Chase slipped 2.1% in premarket trading after the company flagged a larger-than-expected Q3 loss on Friday. It said it would cut 17,000 jobs and delay first deliveries of its 777X jet by a year.
Investment bank B. Riley Financial leapt 21.3% after the company said it had agreed to sell its unit, Great American Group, to asset management firm Oaktree Capital in a $386-million deal.) down 1.8% and PDD Holdings losing 2.2%, as investors were left guessing on the size of the overall fiscal stimulus China announced on Saturday.
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