MYY 241018 23.00C (MYY241018C23000) News Flow - Futubull
US stock markets opened with mixed gains and losses on Friday, with differential trends in the three major indices. The Nasdaq showed a slight decrease while Tesla plummeted by more than 8%. On the other hand, large banks like Wells Fargo & Co rose by more than 5%, and JPMorgan rose by more than 3%.
Market Expectations
The September PPI index remained flat, indicating mild inflationary pressure, which has raised market expectations for another rate cut by the Federal Reserve in November. JPMorgan and Wells Fargo & Co, along with other large banks, released their financial reports, marking the beginning of the US stock earnings season.
Global Market BroadcastOct 11 21:54
US Stock Market Outlook
Bank of America's profits exceeded expectations, leading analysts to raise the target for the S&P 500 index. Meanwhile, Tesla's pre-market drop exceeded 6%. Trump Media Technology Group continued to soar in pre-market trading. Morgan Stanley reiterated Nvidia as the preferred choice in the semiconductor field, emphasizing its strong business and high visibility of the future.
Futu NewsOct 11 20:15
Daily Options Tracking
Tesla plunged nearly 6% in pre-market trading, with large bearish options orders appearing the night before the conference. Trump Media saw a surge of over 17% overnight, with many bullish call options gaining more than 3 times. AMD launched a new version of AI accelerator MI325X, resulting in a sharp 4% drop in stock price. Options trading volume significantly increased compared to the previous trading day, with the call ratio rising to 70.6%.
Futu NewsOct 11 17:02
Fed Policymakers' Views
Fed policymakers are using their 'megaphone' to speak out, maintaining an open attitude towards no rate cuts in November. Atlanta Fed President Bostic reminded the market about the potential for interest rate cuts if the data supports it, indicating a cautious approach.
cls.cnOct 11 14:29
USA Interest Rate Market Overview
There are inflation worries and hesitations regarding interest rate cuts on Wall Street. Federal Reserve's decisions are becoming increasingly uncertain as data points to a dramatic day for traders.
cls.cnOct 11 10:35
Futu Morning Post
This post discusses the significance of Robotaxi Day and its impact on Tesla's fate and Musk's reputation. It also highlights the unexpected strong performance of the 30-year US Treasury bond auction, amongst other market updates.
Futu NewsOct 11 08:10
US Stock Morning Market
The morning session saw the three major indexes showing mixed trends, with the Dow rising and the Nasdaq slightly falling. Chinese concept stocks also experienced a downward trend in the US stock market, reflecting the overall market sentiment.
Global Market ReportOct 9 21:45
