Dow Futures

Dow Futures contract was up 35 points, or 0.1%, at 06:20 ET (10:20 GMT), while the S&P 500 Futures contract was down 2 points, or 0.1%, and the Nasdaq 100 Futures contract was down 27 points, or 0.2%.

1. Powell’s remarks, China’s ICBC struck by ransomware assault – what’s causing market volatility?
2. Dow futures rise as a result of Powell’s hawkish remarks.
3. Tesla stock falls as Musk sells another $3.95 billion in stock.
4. Nvidia will release new AI chips for China in the face of US export restrictions.
5. Berkshire Hathaway CEO Warren Buffett expects to receive $6 billion in dividends.
6. Diageo shares fall after the alcohol company issues a profit warning for the first half.
7. The largest weekly inflow into US bond ETFs in three months
8. Oil is poised to fall for the third week in a row as supply concerns weigh.
9. Wynn Resorts has reached a labor agreement with Las Vegas unions.
10. Meta is returning to China with a partnership to sell VR headsets, according to reports.
11. Novo Nordisk invests $6 billion in Wegovy production, but demand remains far below expectations – CEO
12. The stock of Xponential Fitness is volatile and trades at a premium value.
13. Zepbound by Eli Lilly has the potential to generate $50 billion in peak sales.
14. The dollar is edging lower, although it is on track for a weekly gain following Powell’s address.
15. In the third quarter of 2023, Issuer Direct Corporation’s revenue increased by 43% year on year.
16. In the face of a challenging macroeconomic climate, Illumina reported flat third-quarter sales and projects a drop in 2023.
17. Hawaiian Electric Industries discusses the consequences of wildfires and future resilience measures.
18. In the wake of Q3 earnings, Groupon announces an equity rights offering and a transformation plan.
19. In the midst of a sales drop in China, Fossil Group announces a transformation and growth strategy.
20. Green Dot Corporation publishes third-quarter 2023 results, with an emphasis on commercial expansion and regulatory compliance.
21. According to OCBC Bank Profit growth of 21% in the third quarter despite higher interest rates
22. Luxshare, an Apple supplier, will invest $330 million more in northern Vietnam.

GLOBAL NEWS 

1. Australia’s stocks are lower at the close of trade, with the S&P/ASX 200 down 0.55%.
2. At the closing of trading, Japan’s markets were lower; the Nikkei 225 was down 0.16%.
3. European stock futures fall as a result of Powell’s hawkish remarks; Lagarde is scheduled to speak.
4. The Nifty 50 is up 0.15% at the closing of trade in India.
5. September industrial output in India increased 5.8% year on year.
6. After a drop in SMIC profits, the slide in semiconductor stocks has spread to Europe.
7. According to the EU, Meta and Snap must specify kid protection measures by December 1.
8. Citigroup resumes retail banking sales in Poland, according to the CEO of Bank Handlowy.
9. The Italian economy is expected to slow in the coming months, according to the statistics department.
10. Hong Kong’s third-quarter GDP increased by 4.1% year on year, with growth forecasts lowered lower.
11. In the third quarter, the UK GDP increased by 0.60% year on year.
12. As Powell downplays rate halt bets, Asia’s currency markets are quiet and the dollar is strong.
13. Asian chipmakers are falling as a result of China’s SMIC’s 80% profit drop.
14. Richemont, the owner of Cartier, sees sales slowing as economic concerns deepen.
15. Invesco is bullish on China and loves some Hong Kong REITs.
16. Despite a 30% drop in Q3 profit, Allianz maintains its full-year estimate.
17. Asia’s stocks fall as Powell’s comments dampen expectations for a rate hike.
18. The third-quarter 2023 results of LogicMark highlight new product releases and strategic expansion.

Economic data

 Weekly jobless claims fell to 217K in the latest week from 220K prior and vs. est. 218K; the 4-week moving average climbed to 212,250 from 210,750 prior week; continued claims climbed to 1.834M Oct 28 week from 1.812M prior.

Economic Calendar

7:30 AM ET                  Fed’s Logan Speaks at ECB Money Markets Conference

9:00 AM ET                  Fed’s Bostic Speaks About Economic Mobility

10:00 AM ET                University of Michigan Confidence, Nov-P

1:00 PM ET                   Baker Hughes Weekly rig count data

Other Key Events

 American Association for the Study of Liver Disease’s Annual Liver Meeting, 11/10-11/14, in Boston, MA

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