Market Falls with Tesla Results Coming After the Close | Live Stock
Good morning, traders. Happy Wednesday, October 23, Tesla earnings day. The market fell with mixed morning earnings calls from firms like $Coca-Cola (KO.US)$ and $AT&T (T.US)$. Tesla's report is coming after the market closes, stay tuned.
My name is Kevin Travers; here are news stories and animal spirits hitting the stocks live today.
$Enphase Energy (ENPH.US)$ fell 13% after reporting earnings Tuesday night of $0.65 per share, missing estimates of $0.78 per share, and revenues of $380.87 million for the quarter, missing estimates by 2.59%.
$Northern Trust (NTRS.US)$ climbed 7% after the financial holding company and asset manager posted a beat in Q3 earnings.
$Boeing (BA.US)$ fell 3% after the firm's earnings came up with a $6B loss.
$McDonald's (MCD.US)$ fell 4% after the CDC announced an E. Coli outbreak Tuesday night from the firm's food that killed one person and hospitalized ten.
Within industries tracked by moomoo, most were in the red. Beverage firms fell after a report from $Coca-Cola (KO.US)$, that showed a 1% Q3 dip in unit case volume and declines in sales of juice, water, sports drinks, which sent similar firms like energy drink brand $Celsius Holdings (CELH.US)$ falling nearly 3%.
$Crude Oil Futures(JAN5) (CLmain.US)$ climbed over $71 a barrel overnight but fell a bit Wednesday morning.
$Bitcoin (BTC.CC)$ again fell below $66k. Gold and silver fell back from recent all-time highs, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market fell Wednesday morning.
Just past 11:08 am ET the $S&P 500 Index (.SPX.US)$ traded down 0.50%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.71%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.69%.
Wednesday, investors are watching for the Fed's Baige Book of Economic qualitative data from Fed reserve districts, look for updates later today. Existing home Sales for September came out near estimates Wednesday, at 3.84M, below 3.88M. Crude oil inventories from the week before climbed: U.S. firms added 5.47M barrels of oil compared to estimates of just 800k.
Fed's Harker did not comment on monetary policy speaking Tuesday, and outside of Fed commentary this week, investors are awaiting the release of S&P PMI.
Senior Federal Reserve official Mary Daly said that Economic growth and the labor market have remained steadier than many analysts expected this fall on Monday.
"I haven't seen any information suggesting we wouldn't continue to reduce the interest rate," she said.
Monday, Fed's Kaskari said that the Fed can't bring down prices altogether and that the labor market did not cause inflation.
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Yesterday, users wondered why $NVIDIA (NVDA.US)$ flew to all-time highs Monday alongside Apple before falling.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
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Kevin Matte : And Canada just lower interest rate by 0.5 % !!!
GO TESLA GO !
54088 FROM MBS : 3299
Abdelhakim B : Yes good article thanks
101550592 :
Stock_Drift : $Oracle (ORCL.US)$ had some news too
Stock_Drift : $Bitcoin (BTC.CC)$ oof.
Laine Ford : very good stock to have
Laine Ford : I don't no know no comment a
Laine Ford : not good for you stock have a good day make the best day you have but I don't know what to say no comment now
Kevin Travers OP Laine Ford : Hell yeah brother