Following the sluggish performance seen in the previous session, stocks may continue to experience volatile trading on Wednesday. Major index futures are now showing a nearly flat open. market, Dow futures are up only 3 points.
Traders may be reluctant to take significant steps ahead of this afternoon’s announcement of the minutes of the Federal Reserve Board’s latest monetary policy meeting.
The minutes of the Federal Reserve Board’s September meeting could shed more light on plans to curtail central bank asset purchases.
The market is also digesting reports from the Ministry of Labor showing that US consumer prices rose slightly more than expected in September.
According to the Ministry of Labor, the consumer price index rose 0.3% in August and then 0.4% in September. Economists expected an additional 0.3% increase.
Excluding food and energy highs, core consumer prices rose 0.1% in August and then 0.2% in September. The rise in core prices was in line with economists’ estimates.
The report also showed that the annual growth rate of consumer prices accelerated from 5.3% in August to 5.4% in September, while the annual growth rate of core prices remained unchanged at 4.0%.
On the earnings side, JPMorgan Chase (JPM) stocks rose modestly in pre-market trading after financial giants reported third-quarter results that exceeded analysts’ estimates on both the top and bottom lines. I am.
Asset manager BlackRock (BLK) could also show its initial strength after reporting third-quarter earnings and earnings above expectations.
Meanwhile, Delta’s (DAL) stocks could fall after airlines exceeded third-quarter estimates, but warned of fourth-quarter losses due to rising fuel costs.
Following the recession seen during the Monday session, stocks showed a lack of direction throughout the trading day on Tuesday. The main average spent most of the session protracted near the unchanged line.
The main average ended the day reasonably low in the end. The Dow fell 117.72 points (0.3%) to 34,378.34, the Nasdaq fell 20.28 points (0.1%) to 14,465.93, and the S & P500 fell 10.54 points (0.2%) to 4,350.65.
In overseas trading, the stock market in the Asia-Pacific region fluctuated in the trading on Wednesday. Japan’s Nikkei 225 Index fell 0.3% and China’s Shanghai Composite Index rose 0.4%.
Meanwhile, all major European markets moved upwards that day. Germany’s DAX index rose 0.8%, France’s CAC 40 index rose 0.3%, and the UK’s FTSE 100 index rose 0.1%.
In commodity trading, crude oil futures rose $ 0.12 to $ 80.64 on Tuesday and then fell $ 0.55 to $ 80.09. Meanwhile, an ounce of gold is trading at $ 1,763.60, up $ 4.30 compared to the closing price of $ 1,759.30 in the previous session. On Tuesday, gold rose $ 3.60.
On the currency side, the US dollar is trading at 113.65 yen, compared to 113.61 yen at the end of the New York stock exchange on Tuesday. Against the euro, the dollar is trading at $ 1.1543 compared to yesterday’s $ 1.1530.
Contact for comments and feedback: firstname.lastname@example.org
U.S. stocks may continue to experience volatile trading
Source link U.S. stocks may continue to experience volatile trading