Profit Taking May Contribute To Initial Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 21 October 2024 12:24:59 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following recent strength. Traders may look to cash in on the recent strength in the markets, which has seen the major averages close higher for six consecutive weeks. The advance has lifted the Dow and the S&P 500 to record highs, while the Nasdaq is also closing in on the record highs the tech-heavy index set in July. Overall trading activity may be somewhat subdued, however, as traders look ahead to the release of a slew of corporate earnings news from big-name companies. 3M (MMM), General Motors (GM), Verizon (VZ), Boeing (BA), Coca-Cola (KO), IBM Corp. (IBM), Tesla (TSLA) and UPS (UPS) are among the companies due to report their quarterly results this week. Reports on durable goods orders and new and existing home sales are also likely to attract attention in the coming days along with the Federal Reserve? Be... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports The Conference Board is scheduled to release its report on leading economic indicators in the month of September at 10 am ET. The leading economic index is expected to d... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Monday, even as higher commodity prices boost mining and energy stocks. The euro was under pressure in the absence of high-tier data releases, while the British pound weakened amid strength in the dollar but remained above the $1.30 level. ECB policymaker Gediminas Simkus said today that rates could get lower than the natural level between 2 percent and 3 percent, if a fall in inflation becomes entrenched. [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Monday as China's central bank once again cut interest rates and the country's banks slashed borrowing costs to combat the country's stubborn economic slump. The dollar fell as global finance chiefs gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe and around the U.S. presidential election. Gold reached another record high, while oil prices recovered some ground after having fallen nearly 8 percent last week ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.21 to $70.43 a barrel after tumbling $1.45 to $69.22 a barrel last Friday. Meanwhile, ... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49