01Writing
A short read before the US open, every trading day: the moves that matter, the stories behind them, and what is on the calendar. Not financial advice.
Amazon fell about 7% after hours on capex and a $1.89 EPS miss, Intel about 23% on a weak Q4 guide. Alphabet lost 12.64% Thursday. Employment cost index 8:30.
Alphabet fell about 10% after hours: revenue beat, EPS $2.12 vs $3.02 after an $8.7B SpaceX loss, capex $51.4B. Microsoft +3%. Fed held 10-2. GDP, PCE at 8:30.
Boeing -10.69% after saying it cannot deliver the 500 737s it planned. Banks lent $63B for Anthropic's chips; Kospi +6.63%. Fed decides at 2:00 p.m. ET.
Anthropic's S-1 revived the AI trade: Arm +6.19%, Intel +4.04%, 57 of our 100 rose. Meta sells $95B of stock. Brazil -13.88%. Fed day one; Coke, Boeing, Visa.
Oil's highest settlement since April took the Dow down 1.23%; 70 of our 100 names fell. SpaceX tower talks cost AT&T and T-Mobile 8%. Verizon before the open.
Meta's capex and Lam's supply warning took the Nasdaq down 2.6% while 52 of our 100 names rose. Brent settled at $113. Flash PMIs 9:45, AmEx before the open.
Five companies beat after Wednesday's close and three fell after hours. Asia sold its chipmakers, France's 10-year topped 5%, Brent $110. Claims at 8:30 ET.
Healthcare and small caps led Tuesday while the Nasdaq sat flat. Netflix fell 5.8% after hours on soft guidance; Super Micro lifted Asia. Meta, Tesla tonight.
Amazon and chips lifted the Nasdaq 1.1% Monday, but 56 of 100 names fell and banks slid a sixth week. Kospi -2.8% overnight; GM and GE early, Netflix tonight.
Software and chips led a 2.1% Nasdaq fall Friday as 63 of 100 names fell; energy and staples rose. Oil eased on a Russia sanctions pause. NAHB index 10 a.m. ET.
Bonds rallied through a 6.3% PPI; the Dow rose 1.1% as software and healthcare took money from chips. Import prices 8:30, industrial production 9:15 a.m. ET.
Hot September CPI sent the Nasdaq down 1.88%, Oracle fell 8.83% on AI debt worries and Korea's Kospi halted trading. Retail sales and PPI at 8:30 a.m. ET.