10.3 C
New York
Monday, November 28, 2022

Dow Futures Rise 225 Pts; Fed Meeting, Corporate Earnings, Jobs Data in Focus

Dow Futures Rise 225 Pts; Fed Meeting, Corporate Earnings, Jobs Data in Focus
© Reuters.

 

CL
+2.50%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

ABNB
+4.07%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

UBER
+15.17%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

DXY
-0.61%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

BP
+0.32%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

IXIC
+1.16%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

TSLA
+3.43%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

NQZ2
+1.20%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

1YMZ2
+0.53%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

EUR/USD
+0.56%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

ESZ2
+0.81%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

LCO
+2.21%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

Gold
+0.94%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

AMD
+1.96%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

PFE
+2.43%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

DJI
+0.66%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

US500
+0.93%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

XAU/USD
+1.19%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

By Peter Nurse    

Investing.com — U.S. stocks are seen opening higher Tuesday, starting the new month on a positive note as the earnings season continues ahead of the start of an important policy-setting meeting by the Federal Reserve. 

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 225 points, or 0.7%, S&P 500 Futures traded 38 points, or 1%, higher, and Nasdaq 100 Futures climbed 140 points, or 1.2%.

The main U.S. equity indices closed lower Monday, but October was otherwise a strong one despite some disappointing results from Big Tech and jitters about the Federal Reserve’s next move.

The blue-chip Dow Jones Industrial Average gained 14% last month, its best since 1976, as investors rotated out of technology and into defensive stocks as well as the banks with interest rates rising. The S&P 500 and Nasdaq Composite added approximately 8% and 4%, respectively.

Quarterly earnings continue Tuesday with Uber (NYSE:UBER) and Pfizer (NYSE:PFE) due before the bell and Advanced Micro Devices (NASDAQ:AMD) and Airbnb (NASDAQ:ABNB) after.

Tesla (NASDAQ:TSLA) will also be in the spotlight after Reuters reported that the electric vehicle manufacturer aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

Energy giant BP (NYSE:BP) reported a third-quarter profit of $8.15 billion, the second-largest in its history, and announced another $2.5 billion in share buybacks.

Away from the corporate sector, the Fed starts its latest two-day policy-setting meeting later Tuesday, with investors expecting another 0.75 percentage point increase in interest rates when it announces the decision tomorrow.

Attention is likely to be more on what Chair Jerome Powell says and signals during his press conference Wednesday afternoon, amid rising confidence that the Fed will start to ease off the pace of rate increases as it sees evidence that parts of the market are cooling off. 

The economic data slate is crowded Tuesday, including the ISM manufacturing report for October, and September construction spending. Most eyes, however, will be on the JOLTs job openings report, at 10:00 ET (14:00 GMT), ahead of Friday’s official jobs report for October.

Oil prices rose Tuesday, paring losses from the previous session, with a weaker dollar helping boost confidence that has been hit by a resurgence in COVID-19 cases in China, the world’s largest crude importer.

Also boosting sentiment was the decision of the Organization of Petroleum Exporting Countries to lift its medium to long term demand forecasts, saying on Monday in its 2022 World Oil Outlook that demand will be higher than initially expected in the medium to long term, and will likely plateau by only 2045.

The American Petroleum Institute reveals its estimate for weekly U.S. crude inventories later in the session, with last week showing a build of over 4.5 million barrels. 

By 06:00 ET, U.S. crude futures traded 1.7% higher at $88.01 a barrel, while the Brent contract rose 1.8% to $94.45. Both benchmarks fell over 1% on Monday. 

Additionally, gold futures rose 0.9% to $1,654.75/oz, while EUR/USD traded 0.5% higher at 0.9932.

 

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,279FansLike
12,893FollowersFollow
744FollowersFollow
- Advertisement -

Latest Articles

Popular Articles