Earnings Reports - Major corporates such as Apple (AAPL) and Amazon (AMZN) are scheduled to release their quarterly results after the close of trading today [1] - The focus on earnings is expected to influence market movements [1] Market Performance - The U.S. major averages finished lower on Thursday, with the S&P 500 down 68.25 points or 1.0 percent to 6,822.34 and the Dow down 109.88 points or 0.2 percent to 47,522.12 [2] - As of 8.15 am ET, Dow futures were up 124.00 points, S&P 500 futures were up 62.00 points, and Nasdaq 100 futures were up 383.00 points [1] Economic Indicators - Personal Income and Outlays for September are set to be released, with a consensus expectation of a 0.4 percent increase [2] - The Employment Cost Index for Q3 is expected to show a 0.9 percent increase, consistent with the previous month [3] - The Chicago PMI for October is anticipated to be 42.0, up from 40.6 in September [3] - Farm Prices for September will also be released, with a prior increase of 1.0 percent in August [3] Rig Count and Federal Reserve Events - The Baker Hughes Rig Count will be released, with the previous week showing a North America rig count of 749 and a U.S. rig count of 550 [4] - Federal Reserve officials will participate in discussions at 'The Evolving Landscape of Bank Funding' research conference [4][5] Asian Market Performance - Asian stocks ended mixed, with China's Shanghai Composite index down 0.81 percent and Hong Kong's Hang Seng index down 1.43 percent [5] - The Nikkei average in Japan reached a record high, jumping 2.12 percent to 52,411.34 [6] - Australian markets finished marginally lower, while New Zealand's S&P/NZX-50 index gained 0.66 percent [6]
Wall Street Might Bounce Back At Open