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2023-11-15

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Pre-Bell｜Dow Futures Surge 300 Points as October Inflation Is Less Than Forecast

U.S. stock index futures edged higher on Tuesday as investors awaited a key inflation reading to gauge the Federal Reserve's monetary policy path.After enjoying strong gains on Friday, the main stock

Pre-Bell｜Dow Futures Surge 300 Points as October Inflation Is Less Than Forecast

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Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%.</p><p style=\"text-align: start;\">Excluding volatile food and energy prices, core CPI increased 0.2% and 4%, against the forecast of 0.3% and 4.1%.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 9:35 a.m. ET, Dow e-minis surged 291, S&amp;P 500 e-minis were up 49.75 points, or 1.12%, and Nasdaq 100 e-minis were up 237 points, or 1.52%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77537f424028a454b0426bf50823b4c3\" title=\"\" tg-width=\"279\" tg-height=\"132\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Sea (SE)</strong> fell 13% in pre-market trading in New York after the company posted a net loss of $149 million, compared with a profit of $322 million the previous quarter. Southeast Asia’s largest internet firm reported a 4.9% rise in sales from a year earlier to $3.3 billion, versus the average estimate of $3.2 billion.</p><p><strong>Home Depot (HD)</strong> reported third-quarter earnings that beat analysts’ estimates and the home-improvement retailer said same-store sales in the period declined 3.1%. U.S. same-store sales fell 3.5%. Home Depot said it expects fiscal-year same-store sales to fall 3% to 4%. It expects per-share earnings in the fiscal year down 9% to 11%. Shares rose 0.82%.</p><p style=\"text-align: start;\"><strong>Fisker (FSR)</strong> was falling 19% after the electric-vehicle maker reported a wider-than-expected third-quarter loss and sales of $71.8 million that missed estimates of $143.1 million. Fisker didn’t include full-year production guidance along with the third-quarter results. In August, the company said it planned to build about 20,000 to 23,000 units in 2023. which was trimmed from earlier guidance. </p><p style=\"text-align: start;\"><strong>Tesla (TSLA)</strong> was rising 1.85% to $227.85 after shares of the EV maker closed 4.2% higher on Monday. The gains in the premarket session put the price up about $17 from where it closed last Thursday, when HSBC analyst Michael Tyndall launched coverage of the stock with a Sell rating and a price target of $146.</p><p style=\"text-align: start;\"><strong>Nvidia (NVDA)</strong> was up 0.7% after the stock closed 0.6% higher Monday, extending the stock’s winning streak to nine sessions. It’s the longest winning streak for Nvidia since Dec. 27, 2016, when it rose for 10 trading days in a row, according to Dow Jones Market Data. On Monday, Nvidia unveiled its newest artificial-intelligence chip.</p><p style=\"text-align: start;\"><strong>Teck Resources (TECK)</strong> was rising 5.6% after Glencore bought a 77% stake in the Canadian miner’s steelmaking coal business for $6.93 billion.</p><p style=\"text-align: start;\"><strong>Snap (SNAP)</strong> was rising 5.5% after Amazon.com (AMZN) said it would allow Snapchat users in the U.S. to buy some products listed on the e-commerce giant’s website directly from the Snapchat app, Reuters reported.</p><p style=\"text-align: start;\"><strong>Canadian Solar (CSIQ)</strong> was falling 14% after third-quarter earnings missed analysts’ estimates by a wide margin and the company’s revenue forecast for the fourth quarter was well below expectations.</p><p style=\"text-align: start;\">Shares of <strong>Kraft Heinz (KHC)</strong> rose 1.7% to $33.8 after shares of the consumer food and beverage company were upgraded to Outperform from Market Perform at Bernstein. The price target was left unchanged at $40.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Elon Musk Eyes Nov. 17 for a Huge New Move With Starship</strong></p><p>Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test.</p><p>But regulators haven&#39;t been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn&#39;t have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch.</p><p>But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval.</p><p><strong>Boeing snags Ethiopian Airlines order for up to 67 jets in its biggest-ever Africa deal</strong></p><p>Boeing (NYSE:BA) extended its early success at the Dubai Air Show on Tuesday, winning a &#34;landmark&#34; deal from Ethiopian Airlines for more narrow- and widebody aircraft, with the carrier agreeing to order 11 787 Dreamliner and 20 737 MAX airplanes, with an option for 15 and 21 additional jets, respectively.</p><p style=\"text-align: left;\">Boeing (BA) said the agreement represents the largest-ever purchase of the company&#39;s planes in African history.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Dow Futures Surge 300 Points as October Inflation Is Less Than Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜Dow Futures Surge 300 Points as October Inflation Is Less Than Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-11-14 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.</p><p style=\"text-align: start;\">The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month, according to seasonally adjusted numbers from the Labor Department on Tuesday. Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%.</p><p style=\"text-align: start;\">Excluding volatile food and energy prices, core CPI increased 0.2% and 4%, against the forecast of 0.3% and 4.1%.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 9:35 a.m. ET, Dow e-minis surged 291, S&amp;P 500 e-minis were up 49.75 points, or 1.12%, and Nasdaq 100 e-minis were up 237 points, or 1.52%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/77537f424028a454b0426bf50823b4c3\" title=\"\" tg-width=\"279\" tg-height=\"132\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Sea (SE)</strong> fell 13% in pre-market trading in New York after the company posted a net loss of $149 million, compared with a profit of $322 million the previous quarter. Southeast Asia’s largest internet firm reported a 4.9% rise in sales from a year earlier to $3.3 billion, versus the average estimate of $3.2 billion.</p><p><strong>Home Depot (HD)</strong> reported third-quarter earnings that beat analysts’ estimates and the home-improvement retailer said same-store sales in the period declined 3.1%. U.S. same-store sales fell 3.5%. Home Depot said it expects fiscal-year same-store sales to fall 3% to 4%. It expects per-share earnings in the fiscal year down 9% to 11%. Shares rose 0.82%.</p><p style=\"text-align: start;\"><strong>Fisker (FSR)</strong> was falling 19% after the electric-vehicle maker reported a wider-than-expected third-quarter loss and sales of $71.8 million that missed estimates of $143.1 million. Fisker didn’t include full-year production guidance along with the third-quarter results. In August, the company said it planned to build about 20,000 to 23,000 units in 2023. which was trimmed from earlier guidance. </p><p style=\"text-align: start;\"><strong>Tesla (TSLA)</strong> was rising 1.85% to $227.85 after shares of the EV maker closed 4.2% higher on Monday. The gains in the premarket session put the price up about $17 from where it closed last Thursday, when HSBC analyst Michael Tyndall launched coverage of the stock with a Sell rating and a price target of $146.</p><p style=\"text-align: start;\"><strong>Nvidia (NVDA)</strong> was up 0.7% after the stock closed 0.6% higher Monday, extending the stock’s winning streak to nine sessions. It’s the longest winning streak for Nvidia since Dec. 27, 2016, when it rose for 10 trading days in a row, according to Dow Jones Market Data. On Monday, Nvidia unveiled its newest artificial-intelligence chip.</p><p style=\"text-align: start;\"><strong>Teck Resources (TECK)</strong> was rising 5.6% after Glencore bought a 77% stake in the Canadian miner’s steelmaking coal business for $6.93 billion.</p><p style=\"text-align: start;\"><strong>Snap (SNAP)</strong> was rising 5.5% after Amazon.com (AMZN) said it would allow Snapchat users in the U.S. to buy some products listed on the e-commerce giant’s website directly from the Snapchat app, Reuters reported.</p><p style=\"text-align: start;\"><strong>Canadian Solar (CSIQ)</strong> was falling 14% after third-quarter earnings missed analysts’ estimates by a wide margin and the company’s revenue forecast for the fourth quarter was well below expectations.</p><p style=\"text-align: start;\">Shares of <strong>Kraft Heinz (KHC)</strong> rose 1.7% to $33.8 after shares of the consumer food and beverage company were upgraded to Outperform from Market Perform at Bernstein. The price target was left unchanged at $40.</p><h2 id=\"id_1288056626\">Market News</h2><p><strong>Elon Musk Eyes Nov. 17 for a Huge New Move With Starship</strong></p><p>Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test.</p><p>But regulators haven&#39;t been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn&#39;t have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch.</p><p>But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval.</p><p><strong>Boeing snags Ethiopian Airlines order for up to 67 jets in its biggest-ever Africa deal</strong></p><p>Boeing (NYSE:BA) extended its early success at the Dubai Air Show on Tuesday, winning a &#34;landmark&#34; deal from Ethiopian Airlines for more narrow- and widebody aircraft, with the carrier agreeing to order 11 787 Dreamliner and 20 737 MAX airplanes, with an option for 15 and 21 additional jets, respectively.</p><p style=\"text-align: left;\">Boeing (BA) said the agreement represents the largest-ever purchase of the company&#39;s planes in African history.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127544094","content_text":"Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy.The consumer price index, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month, according to seasonally adjusted numbers from the Labor Department on Tuesday. Economists surveyed by Dow Jones had been looking for respective readings of 0.1% and 3.3%.Excluding volatile food and energy prices, core CPI increased 0.2% and 4%, against the forecast of 0.3% and 4.1%.Market SnapshotAt 9:35 a.m. ET, Dow e-minis surged 291, S&P 500 e-minis were up 49.75 points, or 1.12%, and Nasdaq 100 e-minis were up 237 points, or 1.52%.Pre-Market MoversSea (SE) fell 13% in pre-market trading in New York after the company posted a net loss of $149 million, compared with a profit of $322 million the previous quarter. Southeast Asia’s largest internet firm reported a 4.9% rise in sales from a year earlier to $3.3 billion, versus the average estimate of $3.2 billion.Home Depot (HD) reported third-quarter earnings that beat analysts’ estimates and the home-improvement retailer said same-store sales in the period declined 3.1%. U.S. same-store sales fell 3.5%. Home Depot said it expects fiscal-year same-store sales to fall 3% to 4%. It expects per-share earnings in the fiscal year down 9% to 11%. Shares rose 0.82%.Fisker (FSR) was falling 19% after the electric-vehicle maker reported a wider-than-expected third-quarter loss and sales of $71.8 million that missed estimates of $143.1 million. Fisker didn’t include full-year production guidance along with the third-quarter results. In August, the company said it planned to build about 20,000 to 23,000 units in 2023. which was trimmed from earlier guidance. Tesla (TSLA) was rising 1.85% to $227.85 after shares of the EV maker closed 4.2% higher on Monday. The gains in the premarket session put the price up about $17 from where it closed last Thursday, when HSBC analyst Michael Tyndall launched coverage of the stock with a Sell rating and a price target of $146.Nvidia (NVDA) was up 0.7% after the stock closed 0.6% higher Monday, extending the stock’s winning streak to nine sessions. It’s the longest winning streak for Nvidia since Dec. 27, 2016, when it rose for 10 trading days in a row, according to Dow Jones Market Data. On Monday, Nvidia unveiled its newest artificial-intelligence chip.Teck Resources (TECK) was rising 5.6% after Glencore bought a 77% stake in the Canadian miner’s steelmaking coal business for $6.93 billion.Snap (SNAP) was rising 5.5% after Amazon.com (AMZN) said it would allow Snapchat users in the U.S. to buy some products listed on the e-commerce giant’s website directly from the Snapchat app, Reuters reported.Canadian Solar (CSIQ) was falling 14% after third-quarter earnings missed analysts’ estimates by a wide margin and the company’s revenue forecast for the fourth quarter was well below expectations.Shares of Kraft Heinz (KHC) rose 1.7% to $33.8 after shares of the consumer food and beverage company were upgraded to Outperform from Market Perform at Bernstein. The price target was left unchanged at $40.Market NewsElon Musk Eyes Nov. 17 for a Huge New Move With StarshipRoughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test.But regulators haven't been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn't have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch.But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval.Boeing snags Ethiopian Airlines order for up to 67 jets in its biggest-ever Africa dealBoeing (NYSE:BA) extended its early success at the Dubai Air Show on Tuesday, winning a \"landmark\" deal from Ethiopian Airlines for more narrow- and widebody aircraft, with the carrier agreeing to order 11 787 Dreamliner and 20 737 MAX airplanes, with an option for 15 and 21 additional jets, respectively.Boeing (BA) said the agreement represents the largest-ever purchase of the company's planes in African history.","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}