Stock Market News |
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| Powell indicates further rate cuts, but insists the Fed is ‘not on any preset course’ – CNBC | |
| Shares of Dodge-maker Stellantis drop 8% after it issues profit warning – CNBC | |
| AT&T sells 70% stake in DirecTV to TPG for $7.6 bln – Reuters | |
| Nike to post steepest sales drop since COVID, analysts expect target reset – Reuters | |
| China stocks set for best month in nearly a decade on stimulus cheer – Reuters | |
| Californian utility PG&E shuts power for customers over wildfire risks – Reuters |
Notables |
| Notable Earnings Today: Nike (NYSE: NKE), Lamb Weston (NYSE: LW), Paychex (Nasdaq: PAYX), Cal-Maine Foods (Nasdaq: CALM), McCormick (NYSE: MKC), Acuity Brands (NYSE: AYI), Resources Connection (Nasdaq: RGP), United Natural Foods (NYSE: UNFI). |
| Notable IPOs Today: N/A. |
| Notable Equity Crowdfunding Campaigns Ending Today: N/A. |
| Notable Economic Events Today: S&P Global US Manufacturing PMI (9:45 a.m. ET), JOLTs Job Openings (10:00 a.m. ET), ISM Manufacturing PMI / Prices (10:00 a.m. ET), ISM Manufacturing Employment (10:00 a.m. ET), Atlanta Fed GDPNow (2:00 p.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET). |
Trends to Watch |
| Going Small: Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’ (CNBC) |
| Can You Hear Me Now: Verizon customers report widespread outages, with mobile phones limited to SOS mode (CBS News) |
| Voluntary Approach: Lionsgate Offering Employees Voluntary Severance Amid “Disrupted Business Environment” (Deadline) |
| Driving Profits Down: Stellantis, Owner of Chrysler and Jeep, Slashes Profit Forecast (New York Times) |
| Gassy: Ethereum gas fees rose 498% in two weeks as network activity surged (Cointelegraph) |
