Futures point to higher open as yields ease, focus turns to megacaps
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Apple falls after decline in China Q3 sales
Capri plummets after US judge blocks Tapestry merger
Centene jumps following Q3 profit beat
Indexes set for weekly losses
Futures up: Dow 0.20%, S&P 500 0.28%, Nasdaq 0.36%
Updated at 8:30 a.m. ET/1230 GMT
By Lisa Pauline Mattackal and Purvi Agarwal
Oct 25 (Reuters) -U.S. stock indexes were set to open slightly higher on Friday as Treasury yields eased and investors looked ahead to quarterly results from Wall Street's biggest companies.
The yield on the benchmark 10-year Treasury note dipped to 4.2% after rising as high as 4.26% earlier in the week.
The three major stock indexes, however, looked set to snap their six-week winning streak, with equities unsettled by the rapid rise in yields as rate cut bets unraveled on expectations of a stronger economic outlook.
"The upward move in yields has paused for a bit, allowing the stock market to catch its breath and focus on company earnings, which by and large have been pretty good," said Ross Mayfield, investment strategist at Baird.
Tesla's TSLA.O shares dipped 1.5% in premarket trading, following anearly 22% surge in the previous session, as investors cheered the EV-maker's strong sales forecast.
Gains in the stock helped the S&P 500 .SPX register its firstdaily advance of the week.
The week starting Oct. 28, the final stretch before the Nov. 5 U.S. presidential election, promises to be crucial for Wall Street, marked by results from megacap tech firms including AlphabetGOOGL.O, Apple AAPL.O and Microsoft MSFT.O as well as the release of nonfarmpayrolls data.
Shares of Apple AAPL.O dipped 0.6% on a brokerage downgrade and afterdata showed a decline iniPhone sales in China. Meta Platforms META.O rose 0.8%, Amazon.com AMZN.O was up 0.7% and Nvidia NVDA.O gained 0.4%.
Dow E-minis 1YMcv1 were up 87 points, or 0.2%, U.S. S&P 500 E-minis EScv1 were up 16.5 points, or 0.28% and Nasdaq 100 E-minis NQcv1 were up 74 points, or 0.36%.
Capri Holdings CPRI.N slumped 47.6% after a U.S. judge blocked a pending merger between the company and handbag maker Tapestry TPR.N. Shares of Tapestry rose 14.6%.
Regional lender New York Community Bancorp NYCB.N dropped 11% after reporting its fourth straight quarter of loss , primarily due to its commercial real estate loans.
Memory-chip-maker Western Digital's WDC.O shares leapt 12% after it topped quarterly profit estimates on Thursday, while health insurer Centene CNC.N advanced 12.2% after beating estimates for third-quarterprofit.
A mixed set of earnings across sectors and continued uncertainty around the U.S. election have also made investors cautious, thoughmarkets have started pricing in a second Donald Trump administration in recent weeks.
"We're so close to the election that it does feel like markets are in a bit of a holding pattern," Mayfield said.
Data showed SeptemberDurable Goods orders slipped 0.8%, less than the 1% forecast.
The University of Michigan's final Consumer Sentiment index is still on deck, while the Boston Fed's Susan Collins is scheduled to speak on the day. FED/DIARY
Investors are still pricing in another 25-basis-point rate cut at the Fed's November meeting. They expect about two rate cuts by the end of the year, according to LSEG data.
USA-ELECTION/STOCKS Wall Street performs better under a unified government but... https://reut.rs/4hbOKMJ
Wall Street set to snap six-week winning run https://reut.rs/40fjOW1
Reporting by Lisa Mattackal and Purvi Agarwal in Bengaluru; Editing by Pooja Desai and Saumyadeb Chakrabarty
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
