Daily Pre-Market News🐝
Enjoy your coffee this morning ☕
Futures right now:
• Dow: up ~0.4%, about 200 points
• S&P 500: down ~0.3%
• Nasdaq-100: down ~1.2%, the weakest of the three
• Yesterday stocks finished a little higher after the Fed kept rates steady at 3.75% to 4%. Chips and Oracle helped lead the way.
• The mood this morning is split. Alphabet fell about 10% after hours after missing expectations and burning cash on big AI spending, while Microsoft beat and rose. So tech is dragging, but the Dow is holding up.
• Big morning ahead: the European Central Bank decides at 8:15 AM, then US growth (Q3 GDP) and the Fed's favorite inflation report land at 8:30 AM. Caterpillar, Merck, and Eli Lilly report before the open, and Intel and Amazon report after the close.
• Bitcoin slipped to around $80,000, a bit lower, and gold is a touch softer near $4,030. Oil eased a bit too on hopes of renewed peace talks.
Have a great day💵
