S&P 500 slips as traders look ahead to key U.S. inflation report: Live updates
Publishing timestamp: 2023-10-11 13:45:19
Summary
The article discusses the rangebound movement of stocks as traders await the release of new U.S. consumer inflation numbers. It mentions the retreat of Treasury yields from 16-year highs and the upcoming release of the consumer price index report. The article also highlights the merger between Exxon Mobil and Pioneer Natural Resources, as well as the underwhelming debut of German shoe brand Birkenstock in the IPO market. It provides updates on various stocks making moves, including Humana, Amgen, and Shoals Technologies. The article also mentions the importance of earnings revisions and company fundamentals for stock pickers. It discusses the downgrade of Morgan Stanley stock and the impact of rising interest rates on equities. Additionally, it provides updates on global markets, the effectiveness of GLP-1 medications, and the performance of small-cap stocks.
Sentiment: NEUTRAL
Tickers: NOVO.B-DK, DVA, MS, .KS11, @DJ.1, @ND.1, .IXIC, AMGN, .STOXX, BA, SHLS, XOM, BAX, PXD, HUM, UNDEFINED, .SPX, @SP.1, FMS, US10Y, .DJI, LLY,
Keywords: stock markets, dow jones industrial average, s&p 500 fut (mar'23), markets, s&p 500 index, business news, breaking news: markets, pioneer natural resources co, united states, nasdaq composite, u.s. 10 year treasury, dow jones fut (mar'23), israel, nasdaq 100 fut (mar'23),
Source: https://www.cnbc.com/2023/10/10/stock-futures-today-live-updates.html