Wall St set for muted open as investors weigh earnings, data; Alphabet jumps

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Oct 30 - U.S. stock indexes were set for a subdued open on Wednesday, as investors assessed mixed corporate results and parsed crucial data that showed the economy had maintained a steady pace of third-quarter growth.

Other chipmakers also slipped, with Nvidia , down 0.9% and Intel , losing 1%. The tech-heavy Nasdaq Composite , closed at an all-time high on Tuesday. The neck-and-neck race between U.S. presidential candidates Kamala Harris and Donald Trump was also at the top of investors' minds ahead of the Nov. 5 election.

Tuesday's data showed U.S. job openings dropped to more than a three-and-a-half-year low in September, leading traders to increase bets on a 25-basis-point rate cut in the Federal Reserve's November and December meetings. Economists polled by Reuters echoed the view.

 

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