Stock futures are slightly lower as investors review earnings reports from Tesla, IBM and other major companies, while chipmaking giant Intel is due to release results after the closing bell. Here's what you need to know today. https://t.co/45PquzW4OG ...

Following the lackluster performance seen during Tuesday's session, stocks moved mostly lower during trading on Wednesday. The major averages all moved to the downside on the day, with the Dow pulling back off yesterday's record closing high.The major averages climbed well off their worst levels in late-day trading but remained firmly negative. The Nasdaq slumped 213.67 points or 0.9 percent to 22,740.40, the Dow slid 334.33 points or 0.7 percent to 46,590.41 and the S&P 500 fell 35.95 points or 0.5 percen ...

Group 1 - The article highlights the focus on AI data centers and all-renewable electricity as a key target for a member of the Mag 7 [1] - It mentions that ASML Holding, Emcor Group, and ASE Technology are among the stocks listed for their relative strength at new highs [1] - Emcor Group is noted as being in a buy zone, indicating a potential investment opportunity [4] Group 2 - The stock market is experiencing fluctuations, with the Dow Jones dipping after a volatile day, while Advanced Micro Devices shows significant gains [4] - ASML stock is rising due to strong orders and a positive outlook for 2026, suggesting robust demand in the semiconductor sector [4] - The article indicates that the Q3 earnings season is expected to accelerate, which may impact stock performance across various sectors [4]

Group 1 - The stock market showed mixed signals with Dow Jones futures slightly higher, while S&P 500 and Nasdaq futures reduced losses [1] - Interactive Brokers and American Express exceeded earnings expectations, while Oracle raised its long-term growth forecasts [1] - The market rally initially opened strong but reversed lower, particularly affecting small-cap stocks, with regional banks experiencing sell-offs due to concerns over bad loans [1] Group 2 - Walmart is highlighted as a significant player in the S&P 500, alongside a profitable biotech company, as stocks to watch in a volatile market [2] - The market environment is described as tricky, indicating potential challenges for investors [2] Group 3 - Taiwan Semiconductor Manufacturing Company (TSMC) is recognized as a leading tech standout, featured on various stock lists [4] - The stock market is influenced by external factors such as comments from former President Trump regarding China and upcoming CPI inflation data [4] - Tesla is positioned as a key stock to watch, with expectations of strong third-quarter earnings, despite potential risks [4]

Economic Indicators - US MBA mortgage applications fell by -1.8% in the week ended October 10, with the purchase mortgage sub-index down -2.7% and the refinancing mortgage sub-index down -1.0% [1] - The average 30-year fixed rate mortgage decreased by -1 basis point to 6.42% from 6.43% in the prior week [1] - The October Empire manufacturing survey general business conditions index rose by +19.4 to 10.7, exceeding expectations of -1.8 [1] Trade and Market Reactions - The escalation of trade tensions between the US and China has led to increased demand for precious metals, with gold reaching a new all-time high [2] - Global bond markets have seen a decline in yields, with the 10-year German bund yield dropping to a 3.25-month low of 2.57% and the 10-year T-note yield falling to a 3.5-week low of 4.00% [2] - Stocks are rising following dovish comments from the Fed, with expectations for a rate cut at the next FOMC meeting on October 28-29 [3][8] Corporate Earnings - Better-than-expected quarterly earnings results have sparked a risk-on sentiment in equity markets, with notable gains in technology stocks, particularly chipmakers [5] - ASML Holding saw an increase of more than +3% after reporting stronger-than-expected Q3 new orders [5] - Morgan Stanley and Bank of America reported solid Q3 earnings, with Morgan Stanley's FICC sales and trading revenue at $2.17 billion, above the consensus of $2.07 billion, and Bank of America's net interest income at $15.23 billion, exceeding the consensus of $15.03 billion [16][17] Market Performance - The S&P 500 Index rose by +1.01%, the Dow Jones by +0.64%, and the Nasdaq 100 by +1.40% [6] - The markets are pricing in a 98% chance of a -25 basis point rate cut at the next FOMC meeting [8] - European government bond yields are also declining, with the 10-year German bund yield down to a 3.25-month low [12] Sector Movements - Chipmakers and AI infrastructure stocks are experiencing significant gains, with Advanced Micro Devices up more than +7% [15] - Bunge Global SA is leading gains in the S&P 500 with an increase of more than +13% after projecting full-year adjusted EPS of $7.30 to $7.60 [16] - Dollar Tree is up more than +1% after projecting earnings per share to gain as much as 10% annually over the next three years [18]

Earnings Overview - The third quarter earnings season has commenced with major Wall Street banks reporting results, with analysts expecting a 7.9% increase in earnings per share for S&P 500 companies, marking the ninth consecutive quarter of positive growth but a slowdown from 12% in Q2 [1][28] - Major financial institutions including JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and BlackRock are among the first to report their earnings [2][3] Company-Specific Highlights - Morgan Stanley reported a 45% surge in profits, driven by a 44% increase in dealmaking fees to $2.1 billion and a 24% rise in trading fees, totaling $6.28 billion [4][6][7] - Abbott's shares fell 1% after reporting diluted earnings per share of $0.94, below the expected $1.04, with revenue of $11.3 billion aligning with estimates [8][9] - Citigroup's net income rose to $3.8 billion, or $1.86 per diluted share, on revenue of $22.1 billion, reflecting a 9% increase in total revenue [13][14] - Johnson & Johnson announced plans to spin off its orthopedics unit while reporting adjusted earnings per share of $2.80, exceeding estimates of $2.76, and raised its 2025 sales forecast by approximately $300 million [18][19][20] - Domino's Pizza saw a nearly 5% increase in stock after reporting a 5.2% acceleration in US same-store sales, with earnings per share of $4.08 surpassing estimates [15][16] Market Trends - The earnings season is characterized by a boom in dealmaking and trading, significantly benefiting banks like Morgan Stanley and Citigroup [10][13] - ASML reported orders exceeding estimates due to an AI investment boom, although it warned of a significant drop in Chinese demand next year [12] - LVMH experienced a surprising return to sales growth, with shares rising as much as 14%, indicating a potential easing in luxury demand decline [11]

Core Insights - Analysts have become more optimistic about European companies' third-quarter results, expecting a 0.5% year-on-year increase in earnings, an improvement from the previous week's forecast of a 0.2% decline [1] - Despite the positive revision, this performance is still projected to be the worst quarterly result since Q1 2024 [2] Earnings Expectations - The U.S. has announced a 100% tariff on imports from China and export controls on critical U.S.-made software, impacting earnings expectations for European companies [3] - Prior to the tariff announcements, analysts had anticipated a 12.5% growth in third-quarter earnings for European companies [3] Revenue Estimates - Approximately 72% of companies in Europe, the Middle East, and Africa have indicated price hikes due to increased global import taxes [4] - Third-quarter revenue estimates for European companies on the STOXX 600 have improved, now expected to rise by 0.4% year-on-year, compared to a previous forecast of a 0.3% decline [4] Company-Specific Developments - Investors are closely monitoring comments from companies regarding tariffs, with ASML and Volvo AB set to report earnings soon [5] - Michelin has reduced its full-year operating income guidance due to unfavorable business conditions in North America, affecting its stock and that of other European automotive suppliers [5]

Market Overview - US stocks experienced a decline on Tuesday, with the Dow Jones Industrial Average falling by 0.9%, the S&P 500 dropping by 1%, and the Nasdaq Composite leading the retreat with a decrease of over 1.4% [1][2] Trade Relations - The negative market sentiment was influenced by China's recent trade actions against the US, which included sanctions on five US-linked units of South Korean shipbuilding firm Hanwha Ocean, effectively barring Chinese companies from engaging in business with them [3] - Both the US and China have implemented special port fees on each other's vessels, indicating a competitive push for maritime dominance [3] Earnings Season - The third quarter earnings season commenced with results from major banks including JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo. Despite a boost in quarterly profits due to increased Wall Street dealmaking, shares of Goldman and JPMorgan saw a decline, while Wells Fargo's stock surged as its profits increased [4] Economic Data - The ongoing government shutdown has delayed key economic data reports, including the September CPI consumer inflation report, which is now scheduled for release on October 24. This delay adds uncertainty to the economic outlook for both investors and the Federal Reserve [5] Federal Reserve Insights - The data blackout has heightened the importance of Federal Reserve Chair Jerome Powell's speech at the NABE annual meeting, which is anticipated to provide insights into the Fed's economic outlook and monetary policy considerations [6] Technology Sector - In the technology sector, Advanced Micro Devices announced it will supply Oracle's cloud business with 50,000 AI chips, marking a significant move in the competitive landscape of AI chip production [6]

Market Overview - US stocks experienced a decline on Tuesday, with the Dow Jones Industrial Average falling by 0.9%, the S&P 500 dropping by 1%, and the Nasdaq Composite leading the retreat with a decrease of over 1.4% [1][2]. Trade Relations - The negative sentiment in the market was influenced by China's recent trade actions against the US, which included sanctions on five US-linked units of South Korean shipbuilding firm Hanwha Ocean, effectively barring Chinese companies from engaging in business with them [3]. - Both the US and China have implemented special port fees on each other's vessels, indicating a competitive push for maritime dominance [3]. Earnings Season - The third quarter earnings season commenced with results from major banks including JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo. Despite a boost in quarterly profits due to increased Wall Street dealmaking, shares of Goldman and JPMorgan saw a decline, while Wells Fargo's stock surged as its profits increased [4]. Economic Reports - The ongoing government shutdown has stalled key economic reports, leaving investors and the Federal Reserve without a clear understanding of the economic landscape. The release of the September CPI consumer inflation report has been postponed to October 24, along with delays expected for data on retail sales and producer prices [5]. Federal Reserve Insights - The lack of economic data has heightened the importance of Federal Reserve Chair Jerome Powell's speech at the NABE annual meeting, which is anticipated to provide insights into the Fed's economic outlook and monetary policy considerations [6]. Technology Sector - In the technology sector, Advanced Micro Devices announced a deal to supply Oracle's cloud business with 50,000 AI chips (GPUs), reflecting ongoing developments in AI technology and competition among chipmakers [6].

Market Overview - U.S. equities experienced a significant rebound on October 13, 2025, recovering from substantial losses due to improved investor sentiment following President Trump's softened trade rhetoric towards China [1][3] - Major U.S. stock indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, all posted robust gains in afternoon trading, with the S&P 500 up 1.6%, Nasdaq up 2.1%, and Dow up 1.3% [2] Sector Performance - The technology sector led the market recovery, with the Technology Select Sector SPDR (XLK) showing significant gains, while other sectors such as Materials (XLB), Energy (XLE), Consumer Discretionary (XLY), Communication Services (XLC), Financial (XLF), and Industrial (XLI) also registered advances [4] - The Consumer Staples Select Sector SPDR (XLP) was the only sector in negative territory, down approximately 0.22%, as investors shifted towards more cyclical sectors [5] Upcoming Market Events - The U.S. earnings season is set to begin, with major banks like JPMorgan Chase scheduled to report quarterly results, alongside other notable companies such as Johnson & Johnson and United Airlines [6] - The ongoing U.S. government shutdown is delaying the release of key economic data, including inflation figures and retail sales data, which could introduce uncertainty for the Federal Reserve's monetary policy decisions [7] Corporate Developments - Broadcom shares surged approximately 10% following a collaboration announcement with OpenAI to design custom AI accelerators, highlighting strong investor interest in the AI sector [12] - Other chipmakers, including Advanced Micro Devices and Micron Technology, also saw gains of 3.4% and 4.9% respectively, while Nvidia gained close to 3% [12] - Fastenal shares fell between 4.8% and 6.4% after reporting third-quarter profits that narrowly missed analysts' expectations [12] - HCL Technologies is set to announce its Q2 FY26 results, with investors focused on management's commentary regarding deal pipelines and demand outlook [12] - Avenue Supermarts reported a steady Q2 FY26 performance, with a nearly 4% year-on-year increase in consolidated net profit and a 15.5% rise in revenue [12] - Bharat Petroleum Corporation Limited announced a strategic partnership with Reliance BP Mobility Ltd to expand its city gas distribution and compressed natural gas network [12]