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
Ativos relacionados
Últimas notícias
Isenção de Responsabilidade: As entidades do XM Group proporcionam serviço de apenas-execução e acesso à nossa plataforma online de negociação, permitindo a visualização e/ou uso do conteúdo disponível no website ou através deste, o que não se destina a alterar ou a expandir o supracitado. Tal acesso e uso estão sempre sujeitos a: (i) Termos e Condições; (ii) Avisos de Risco; e (iii) Termos de Responsabilidade. Este, é desta forma, fornecido como informação generalizada. Particularmente, por favor esteja ciente que os conteúdos da nossa plataforma online de negociação não constituem solicitação ou oferta para iniciar qualquer transação nos mercados financeiros. Negociar em qualquer mercado financeiro envolve um nível de risco significativo de perda do capital.
Todo o material publicado na nossa plataforma de negociação online tem apenas objetivos educacionais/informativos e não contém — e não deve ser considerado conter — conselhos e recomendações financeiras, de negociação ou fiscalidade de investimentos, registo de preços de negociação, oferta e solicitação de transação em qualquer instrumento financeiro ou promoção financeira não solicitada direcionadas a si.
Qual conteúdo obtido por uma terceira parte, assim como o conteúdo preparado pela XM, tais como, opiniões, pesquisa, análises, preços, outra informação ou links para websites de terceiras partes contidos neste website são prestados "no estado em que se encontram", como um comentário de mercado generalizado e não constitui conselho de investimento. Na medida em que qualquer conteúdo é construído como pesquisa de investimento, deve considerar e aceitar que este não tem como objetivo e nem foi preparado de acordo com os requisitos legais concebidos para promover a independência da pesquisa de investimento, desta forma, deve ser considerado material de marketing sob as leis e regulações relevantes. Por favor, certifique-se que leu e compreendeu a nossa Notificação sobre Pesquisa de Investimento não-independente e o Aviso de Risco, relativos à informação supracitada, os quais podem ser acedidos aqui.
