Wall Street Surges As Traders Await End Of Fed Tightening, Crucial Earnings Reports: What's Driving Markets Monday?
Portfolio Pulse from Shanthi Rexaline
US stocks are expected to bounce back from oversold levels as more earnings and the Federal Reserve’s rate decision are anticipated. The Fed is likely to maintain the status quo, with a 98.6% probability. Key earnings reports from Apple, Qualcomm, and Advanced Micro Devices are expected to take center stage. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading. Stellantis and General Motors rose in premarket trading after reaching tentative deals with the United Auto Workers union.
October 30, 2023 | 11:22 am
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NEUTRAL IMPACT
Apple is set to release its earnings report, which could impact its stock price.
The anticipation of Apple's earnings report could cause fluctuations in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Advanced Micro Devices' earnings report is expected to impact its stock price.
The anticipation of Advanced Micro Devices' earnings report could cause its stock price to fluctuate.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEUTRAL IMPACT
Qualcomm's upcoming earnings report could influence its stock price.
The release of Qualcomm's earnings report could cause its stock price to fluctuate.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
General Motors rose in premarket trading after reaching a tentative deal with the United Auto Workers union, which could impact its stock price.
The tentative deal with the United Auto Workers union could lead to an increase in the price of General Motors' stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
The Invesco QQQ ETF rose in premarket trading, which could impact its price.
The rise in premarket trading could lead to an increase in the price of the Invesco QQQ ETF.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose in premarket trading, which could impact its price.
The rise in premarket trading could lead to an increase in the price of the SPDR S&P 500 ETF Trust.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Stellantis rose in premarket trading after reaching a tentative deal with the United Auto Workers union, which could impact its stock price.
The tentative deal with the United Auto Workers union could lead to an increase in the price of Stellantis' stock.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80