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.
J&J, Citigroup, Goldman and UnitedHealth beat and fell. Applied Materials lost 6.69% after skipping a spending forecast. September CPI lands at 8:30 a.m. ET.
Micron fell 3.88% and Korea's Kospi 5.46% after Broadcom's CEO likened AI investing to a casino. The Dow rose 0.38%. JPMorgan, Goldman, Wells and Citi report.
SpaceX's spectrum deal cut T-Mobile 13.27%, AT&T 10.82% and Verizon 10.14% while the S&P 500 rose 0.6%. Software led; banks report Tuesday, CPI Wednesday.
An FT report put OpenAI's revenue $20B below earlier figures. Oracle fell 5.48%, Arm 6.48%, Nasdaq 1.25%; energy and staples rose. Delta and sentiment today.
The 10-year hit 5.365%, a 24-year high; Caterpillar fell 5.75% and software sold off. Samsung's record quarter missed. PepsiCo and a 30-year auction today.
S&P 500, Nasdaq and Dow closed at records on a chip and networking rally. The 10-year yield sits near 5.3%; the Fed's September minutes land at 2 p.m. ET.
Nasdaq and Nvidia closed at records while the 10-year yield held near a 24-year high. Brazilian fintechs surged on Brazil's vote; Schneider is buying PTC.
Payrolls rose just 29,000 in September. Chips led Friday's rally and Tesla jumped on deliveries, yet bond yields barely fell. ISM services is due at 10:00 ET.
The 10-year yield hit a 24-year high Thursday, then eased. Accenture and Mattel soared, Nike fell after hours. The September jobs report is due at 8:30 ET.
PCE inflation came in below forecasts, yet long-term yields rose and most stocks fell. Micron beat but slipped late. Jobless claims and Nike are due today.
Consumer confidence hit its lowest since 2014 and the Fed's Williams cooled October hike bets. August PCE lands at 8:30 a.m. ET, Micron after the close.
The 10-year yield hit its highest since 2007 and 70 of 100 names we track fell. Meta's enterprise push hit software, and JOLTS lands at 10 a.m. ET.