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Frarnleys Week 43


 

Nasdaq gains as megacap stocks outperform​

  • Nvidia market cap briefly overtakes Apple's
  • Capri plummets after US judge blocks Tapestry merger
  • Indexes: Dow down 0.74%, S&P 500 down 0.14%, Nasdaq up 0.43%
Oct 25 (Reuters) - The Nasdaq rose on Friday, driven by megacap shares, as Treasury yields slipped from the week's high ahead of quarterly results from some of Wall Street's biggest companies next week.

"There's a lot of moving pieces right now, especially because of where we are in the election cycle, but we think earnings have been pretty good overall," said Gustaf Little, senior portfolio manager at Allspring Global Investments.

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Nasdaq rises to hit new all-time high Friday as rest of market languishes: Live updates​

The Nasdaq Composite soared to an all-time high on Friday, boosted by megacap tech stocks.

The tech-heavy index rose 0.7%, while the S&P 500 added 0.1%. The Dow Jones Industrial Average shed 208 points, or roughly 0.5%, meanwhile.

Tech stocks boosted the market ahead of their upcoming earnings. Nvidia rallied about 0.7%, and shares of Meta, Amazon, Microsoft and Netflix were also higher. On the earnings front, HCA Healthcare lost 10% after reporting hurricane disruptions hit its quarterly earnings and full-year guidance, while Colgate-Palmolive shares shed 4% after the company reduced the low-end of its sales estimate for the year.

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Markets Now Closing Markets 10-25-24 Video​

Oct 25, 2024


10:42
 

Heifers total 40% of cattle on feed inventory | Weekly Livestock Market Update​

Oct 25, 2024 #agriculture #news #markets

Brownfield's Meghan Grebner and livestock economist Scott Brown recap Livestock Slaughter, Cold Storage, and Cattle on Feed numbers in this episode of Weekly Livestock Market Update.


16:40
 
Asian Markets

Morning Bid: Japan election shockwaves kick off critical week​

Oct 28 (Reuters) - A look at the day ahead in Asian markets.

A hugely pivotal week for world markets begins with investors in Asia already bracing for volatile trading in Japanese assets on Monday after Prime Minister Shigeru Ishiba lost his parliamentary majority in the country's general election.

Ishiba's Liberal Democratic Party has ruled Japan for almost all of its post-war history, so the initial market reaction to a political earthquake of this magnitude could trigger a selloff in the yen and Japanese stocks, and higher Japanese Government Bond prices.

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US Markets

Morning Bid: Oil and yen drop on MidEast restraint, Japan indecision​

October 28, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

A monster Halloween week of critical market events kicked off with a sharp slide in both crude oil prices and Japan's yen as tensions eased somewhat in the Middle East while Japan's election injected a rare bout of political uncertainty there.

The yen JPY= took a hit first thing on Monday, slicing through 153 per dollar to its weakest since July, as investors figured the loss of a parliamentary majority for Japan's ruling coalition in weekend elections would hamper moves to lift interest rates further.

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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates​

Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases.

Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. S&P 500 futures and Nasdaq 100 futures were also both little changed.

Ford Motor slid more than 5% after the automaker provided full-year guidance that was on the low end of its previously set range. On the other hand, North Face parent VF Corp jumped 22% after posting better-than-expected results.

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JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’​

  • JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced.
  • The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who drew down the highest amounts in the so-called infinite money glitch that went viral on TikTok.
  • A Houston case involves a man who owes JPMorgan $290,939.47 after an unidentified accomplice deposited a counterfeit $335,000 check at an ATM, according to the bank.
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced.

The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called infinite money glitch that went viral on TikTok and other social media platforms in late August.

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Scrap Metal Market Update: Copper Holds Steady as Palladium & Nickel Surge!​

👉 Read more: https://iscrapapp.com/blog/weekly-scr...
📈 Check Scrap Prices: Explore this week’s steady scrap metal market trends amid big-picture economic moves and election season developments. With the upcoming U.S. election and ongoing international trade policies, all eyes are on the metals markets to see where they could go next!


16:17
 
CLS Week 44 (registration is free)

Fearnleys Week 44


 

Dow closes nearly 300 points higher to begin November as investors shake off weak jobs report: Live updates​

Stocks rallied Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report.

The Dow Jones Industrial Average gained 288.73 points, or 0.69%, ending at 42,052.19. The S&P 500 advanced 0.41% to close at 5,728.80, and the Nasdaq Composite rose 0.8% to 18,239.92.

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Closing Markets 11-1-24 Grains Caught Between Demand and Election Jitters: Are Cattle Topping?​

Nov 1, 2024 Markets Now with Michelle Rook

Scott Varilek with Kooima Kooima Varilek says corn and soybeans were supported by strong demand initially but ended off highs as the markets ran into chart resistance and on election jitters and positioning.


10:38
 

October Ag Economists' Monthly Monitor​

Nov 1, 2024

The October Monthly Monitor reflects cautious optimism in certain areas of agriculture, marked by export strengths and potential price recoveries, but shadowed by long-term rebuilding challenges, weather dependencies and the impact of the upcoming election.


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