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HomeMarket AnalysisDow Futures contract was down 16 points, U.S. market news OCT 4

Dow Futures contract was down 16 points, U.S. market news OCT 4

Dow futures contract was down 16 points, or 0.1%, at 05:03 ET (09:03 GMT), the S&P 500 futures contract was down 7 points, or 0.2%, and the Nasdaq 100 futures contract was down 40 points, or 0.3%.

  1. What’s moving markets? Futures are down, Treasury yields are rising, and McCarthy has been fired. 
  2. Futures are down as Treasury rates continue to rise. 
  3. On Holding, which is supported by Roger Federer, is up after presenting a three-year perspective. 
  4. Senators from the United States are investigating TikTok’s hire of ByteDance executives. 
  5. The US Food and Drug Administration approves Novavax’s improved COVID shot, and the company’s stock rises. 
  6. Casino stock has been stopped, and an announcement on a debt settlement is likely soon. 
  7. Biden will announce an additional $9 billion in student loan reduction. 
  8. Toronto home prices rose in September, but sales fell to an eight-month low. 
  9. United Airlines intends to significantly expand its fleet with Boeing and Airbus orders. 
  10. Stocks in the United States are tumbling as Treasury rates reach multiyear highs. 
  11. Tesla reintroduces the rear-wheel-drive Model Y at a reduced price. 
  12. August saw an unexpected increase in job vacancies in the United States. 
  13. LinkedIn uses artificial intelligence to help businesses locate qualified candidates. 
  14. Recce Pharmaceuticals raises $2.7 million in an entitlement offer, bringing total investment to $10.7 million. 
  15. NextEra Energy’s stock has dropped as a result of strategic changes and dividend growth rate reductions. 
  16. Sources say United Airlines will place an order for 110 Airbus and Boeing planes. 
  17. CME Group reports record third-quarter volumes and a strong September performance. 
  18. Netflix intends to hike rates after the actors’ strike concludes – WSJ 
  19. In the talc cancer case, a jury awarded J&J $223.8 million. 
  20. Point Biopharma is up after Eli Lilly agreed to buy a cancer-drug company for $1.4 billion. 
  21. Signature Bridge Bank sells its capital commitment portfolio to PNC Bank for $16.6 billion. 

GLOBAL NEWS 

  1. At the finish of trading in Australia, the S&P/ASX 200 was down 0.77%. 
  2. Japan’s markets are lower at the close of business, with the Nikkei 225 down 2.17%. 
  3. The Nifty is trading below 19,450, while the Sensex is down 286 points; midcaps and smallcaps are underperforming. 
  4. Sri Lanka intends to simplify its tax structure and increase revenue collection. 
  5. According to BOJ data, there was no forex intervention on Tuesday. 
  6. The Phoenix Group in the United Kingdom has announced that Nicholas Lyons will return as chair in December. 
  7. India’s public equity fundraising is on the rise, with IPOs on the rise in the first half of 2023-24. 
  8. A tourism snafu might create a perfect storm for Thailand’s sagging markets. 
  9. The sale of IDBI Bank shares by the Indian government may be postponed beyond the fiscal year. 
  10. The yen rises as intervention talk intensifies, while the dollar approaches an 11-month high. 
  11. Ukraine’s central bank will boost inflation and GDP predictions for 2023 based on solid agriculture. 
  12. Crypto Payments for High-Risk Industries Unveiled by European Banking Solutions 
  13. A automobile ownership certificate in Singapore now costs $106,000. 
  14. Japan keeps markets guessing about yen intervention and warns of dramatic drops. 
  15. The Sebi committee is looking into regulatory alignment for companies in the IPO stage. 
  16. SAS stock plummets 95% once a restructure is announced. 
  17. The Eurozone Producer prices increased month over month in August, as expected, but fell year over year. 
  18. Retail sales in the Eurozone fell far more than predicted in August. 
  19. SBI Refocuses on Quality, Expects 13-14% YOY Credit Growth 
  20. In August, Brazil’s industrial output increased less than predicted. 

 Economic data

The nation’s employers reported a large increase in job openings in August, a sign demand for labor remained solid this summer despite the weight of high interest rates. JOLTS Job openings increased by 690,000 to a seasonally adjusted 9.6 million in August from the prior month. That was the highest level since May and beat economists’ expectations for 8.8 million job openings. In August, job openings increased in sectors including business services, finance and insurance, and education.

Global Economic Data

 

Economic Calendar

7:00 AM ET                  MBA Mortgage Applications Data

8:15 AM ET                  ADP Employment Index for September

9.45  AM ET                  S&P Global Composite, Sept-F

9:45 AM ET                  S&P Global Services PMI, Sept-F

10:00 AM ET                ISM Non-Manufacturing PMI for September

10:00 AM ET                Factory Orders M/M for August

10:00 AM ET                Durable Goods Orders M/M for August

10:30 AM ET                Weekly DOE Inventory Data

10:30 AM ET                Fed’s Goolsbee Speaks at Chicago Payments Symposium

 

Other Key Events:

  Deutsche Bank 31st Annual Leveraged Finance Conference, 10/2-10/4, in Scottsdale, AZ

  Mizuho 4th Annual REIT Conference 2023, 10/3-10/4, in New York

  Roth MKM PV CellTech Conference, 10/3-10/4, in San Francisco, CA

 

 

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