Dow Futures

 Dow futures contract was down 200 points, or 0.52%, S&P 500 futures contract was down 16 points, or 0.35%, and the Nasdaq 100 futures contract was down 62 points, or 0.49%.

1. What’s influencing markets? Treasury yields, Foxconn, and tech profits.
2. Dow futures fall as rates rise; key tech earnings are scrutinized
3. Tesla will overshoot its $9 billion spending target this year as it introduces new cars.
4. Goldman Sachs Asset Management raises $4 billion in capital for infrastructure investments.
5. In the latest oil megadeal, Chevron will acquire Hess Corp for $53 billion in stock.
6. The S&P 500 is testing 4200 as the 10-year Treasury yield approaches 5%.
7. Apple’s stock is falling as China’s problems persist.
8. Strong ad revenues and sustained enterprise expenditure keep Big Tech profitability in check.
9. Roche will pay $7.25 billion to acquire Telavant from Roivant and Pfizer.
10. Despite a recent fall, HEICO Corporation shares had increased 92% in five years.
11. Equity market trends in advance of major third-quarter results
12. Mood swing: Global producers in the United States look for China alternatives.
13. Stonepeak is set to buy Textainer for $2.1 billion.
14. The 10-year Treasury yield has reached a 16-year high due to rate hike expectations.
15. BBVA Consolidates Technical Units and Plans to Hire 2600 STEM Professionals
16. Berkshire Hathaway expands its holdings in Apple and Occidental Petroleum.
17. Luke Sarsfield, a Goldman Sachs veteran, has been named CEO of P10.
18. Philips reports Non-GAAP EPS of €0.33, revenue of €4.47B, and boosts its FY23 guidance.
19. New releases fuel a 10% increase in September videogame sales in the United States.
20. Alphabet and Meta are ‘well positioned’ to benefit from the expansion of digital advertising: Wedbush
21.  Israel-Hamas War Shakes Middle East, Inflation Rises, Oil Rises: Market Week  
22. The Israel-Hamas conflict dragged on risk sentiment this week.  
23. September inflation was more than predicted, clouding the outlook. The biggest asset class rallies were oil and gold. 

GLOBAL NEWS 

1. At the closing of trade, Indian markets were lower; the Nifty 50 was down 1.34%.
2. Japan’s markets are lower at the close of trade, with the Nikkei 225 down 0.80%.
3. At the close of business in Australia, the S&P/ASX 200 was down 0.82%.
4. Airbus secures $1.27 billion in French air tanker upgrades and service agreements
5. Analysts predict that the Bank of Canada will keep interest rates on hold while the economy slows.
6. According to the Bundesbank, the German economy shrank in the third quarter.
7. Five Indian companies will go public in late October.
8. The ASX 200, Hang Seng, and Nikkei are falling in response to rising oil prices and Middle East conflict.
9. Asia’s stocks fall as a result of Middle East turmoil and higher yields.
10. worldwide: Stocks suffer as yields increase, and tech earnings are on the horizon
11. Japan has launched an antitrust investigation into Google’s search dominance.Rising yields may put pressure on the BOJ to consider raising the recently imposed cap.
12. Philips improves its full-year forecast as third-quarter profit soars.
13. The yen is back near 150 as yields drive trading.
14. Roche pays $7.1 billion for Telavant Holdings.
15. SME IPO Listings on Indian Exchanges Set to Break Records in 2023
16. HCL is preparing for an INR 1,700 CR IPO with a valuation of INR 10,500 CR.
17. Kotak Mahindra Bank shares fall as a result of a leadership change and mixed Q2 FY24 performance.
18. ICICI Bank’s Q2 profit rises 36% year on year, owing to higher core income.
19. Following an increase in equity derivatives fees, BSE shares hit a year-high.
20. Indian banks report positive second-quarter performance despite negative market indicators.

 Global Economic data

U.S. Sept budget deficit (-$171B) vs. consensus (-$78.6B) deficit and vs. Sept 2022 deficit (-$430B). U.S. Sept budget outlays $638B vs $917B in Sept 2022; receipts $467B vs $488B in Sept 2022. U.S. fiscal 2023 deficit largest since covid-fueled Gap in 2021, exceeds all prior deficits. 

Economic Calendar

8:30 AM ET                  National Activity Index for September

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