Mixed Earnings, Economic News May Lead To Choppy Trading

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 30 October 2024 09:12:51 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. A mixed batch of corporate earnings and U.S. economic news may lead to choppy trading on Wall Street early in the session. Shares of Alphabet (GOOGL) are surging by 6.7 percent in pre-market trading after the Google parent reported third quarter results that beat analyst estimates on both top and bottom lines. Snapchat parent Snap (SNAP) is also spiking in pre-market trading after reporting better than expected third quarter results and announcing a $500 million stock repurchase program. Meanwhile, shares of Advanced Micro Devices (AMD) are plunging by 7.8 percent in pre-market trading after the chipmaker reported third quarter revenues that beat expectations but provided disappointing fourth quarter revenue guidance. Dow component Caterpillar (CAT) is also likely to come under pressure after the construction equipment maker reported weaker than expected third quarter earnings. On the U.S. economic front, payroll processor ADP released... [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 Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to climb by 115,000 jobs compared to the addition of 143,000 jobs originally ... [Read More]( --------------------------------------------------------------- Europe European stocks have moved to the downside on Wednesday as investors assess a batch of mixed earnings as well as regional growth data and the U.K. government's budget. The French CAC 40 Index has tumbled by 1.5 percent, the German DAX Index is down by 1.2 percent and the U.K.?s FTSE 100 Index is down by 0.6 percent. Eurozone economic growth accelerated in the third quarter, a preliminary flash estimate published by Eurostat showed. ... [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 broadly lower on Wednesday, as earnings from Google parent Alphabet and chipmaker AMD proved to be a mixed bag and the European Union announced the imposition of additional tariffs on electric vehicles imported from China, prompting an angry response from Beijing. Caution ahead of key U.S. economic data due this week and next week's presidential election also kept investors on the sidelines. The dollar was little changed in Asian trading and gold hit a fresh record, while oil recovered some ground aft... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.35 to $68.56 a barrel after slipping $0.17 to $67.21 a barrel on Tuesday. Meanwhile, an oun... [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