Futures mixed as banks kick off Q3 earnings season; Tesla falls

Oct 11 - Futures tracking the S&P 500 and the Dow treaded water on Friday as major banks began the third-quarter earnings season, while caution reigned after higher-than-expected inflation numbers boosted bets of a 25-bps cut in borrowing costs in November.

Wells Fargo ,rose 3.9%, reversing initial declines after the bank's profit fell in the third quarter as its interest income was squeezed by subdued loan demand. With major indexes trading around record highs and the benchmark S&P 500 ,up more than 21% year-to-date, third-quarter results will test if 2024's rally can be sustained amid uncertainty over monetary policy, geopolitical risks and the upcoming U.S. presidential elections.

On the other hand, Atlanta Federal Reserve President Raphael Bostic said he was open to keeping rates unchanged in November.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Futures fall as investors brace for earnings season; Tesla dipsShares of Tesla dropped 5.8% in premarket trading after the EV maker unveiled its long awaited robotaxi, but did not provide details on how fast it could...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Jim Wyckoff Brings Decades of Market Expertise to Kitco NEWSLearn about Jim Wyckoff's extensive background in the stock, financial, and commodity markets, including his roles as a journalist, analyst, and consultant.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »

Kitco Crypto Reporter Jordan Finneseth Brings Psychology Background to Market CoverageThis article introduces Jordan Finneseth, a Crypto Market Reporter for Kitco Crypto. It highlights his background in psychology and human behavior and how it informs his coverage of the cryptocurrency market.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »