Bargain Hunting, Tesla Earnings May Trigger Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 24 October 2024 09:03:41 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following recent weakness on Wall Street, which has seen the Dow and the S&P 500 pull back well of last Friday?s record closing highs. The tech-heavy Nasdaq is likely to benefit from a surge by shares of Tesla (TSLA), as the electric vehicle maker is soaring by 14.2 percent in pre-market trading. The spike by Tesla comes after the company reported better than expected third quarter earnings and CEO Elon Musk said his ?best guess? is ?vehicle growth? will reach 20 to 30 percent next year. Shares of UPS (UPS) are also seeing significant pre-market strength after the delivery giant reported third quarter results that exceeded analyst estimates on both the top and bottom lines. On the other hand, a slump by shares of IBM (IBM) may limit a... [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 After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless c... [Read More]( --------------------------------------------------------------- Europe European stocks have climbed on Thursday as strong earnings from a slew of companies and dovish comments from Bank of England (BoE) Governor Andrew Bailey offset disappointing business activity readings from the region. The BoE Governor said that U.K. inflation is fading more rapidly than central bankers expected, boosting bets on another rate cut on November 7. "Disinflation is happening I think faster than we expected it to, but we have still genuine question marks about whether there have been some structural changes in the economy," Bailey was quoted as saying at an event organized by the Institute of International Finance in Washington, D.C. Separately, Reuters reported citing sources that ECB policymakers are debating whether rates have to go below neutral to stimulate the economy. In economic news, Eurozone privat... [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 ended mostly lower on Thursday as rising yields on uncertainty over the U.S. election outcome weighed on the tech sector. Tesla's forecast-beating earnings provided some comfort for investors, helping limit regional losses. The dollar held near three-month highs on increased expectations of a possible return of Donald Trump to the White House and growing bets the Federal Reserve may be more restrained in their easing pace. Gold drifted higher amid safe-haven demand as Middle East tensions persisted. Oil price... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.51 to $71.28 a barrel after slumping $0.97 to $70.77 a barrel on Wednesday. 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