Quarterly Earnings Reports Summary

Economic Indicators - Import Prices for September decreased by 0.4%, which is 10 basis points below expectations and the lowest since December 2023 [2] - Ex-fuel costs for import pricing showed a core figure of +0.2%, matching May's figure but lower than the near-term high of +0.6% in April [2] - Exports fell by 0.7%, below the consensus estimate of -0.5%, marking the second consecutive month of decline and the fourth negative print in the last five months [2] Q3 Earnings Reports - Abbott Labs (ABT) reported Q3 earnings of $1.21 per share, beating expectations by one cent, with revenues of$10.6 billion driven by a 13% growth in Devices [3] - Morgan Stanley (MS) posted a strong Q3 performance with earnings of $1.88 per share, a 20$15.38 billion, exceeding estimates [3] - U.S. Bancorp (USB) reported earnings of $1.03 per share, beating the Zacks consensus by three cents, but revenues of$6.83 billion fell short of the expected $6.88 billion [4] Market Outlook - Pre-market futures showed slight increases with the Dow up by 22 points, S&P 500 up by 1 point, and Nasdaq up by 5 points, following all-time closing highs for the Dow and S&P on Monday [1] - No additional monthly reports are expected for the remainder of the day, and the next Fed meeting is anticipated to result in a 25 basis points cut to the Fed funds rate [5]