arbitrage

S&P Futures are flat to higher this morning as markets continue to digest the earnings report from Nivida. Despite beating lofty expectations NVDA is trading lower due to concerns about its gross margins. Major brokers remain bullish and continue to raise price their price targets. Economic data is on watch with two key reports and a host of Fed Speak. Russian tensions remain elevated as hostilities continue. After the bell today watch for earnings reports from GAP, NTAP, ROST and INTU. In Europe, stocks opened down but are turning positive. Oil prices are showing gains due to geopolitical issues.

S&P Futures are up modestly this morning as Russian Ukraine tensions ease. The key focus this morning is on the earnings announcement from Nivida. Markets will be hearing from multiple Fed officials today including Collins, Bowman & Cook. Trump is said to be close to making a decision on his Treasury Secretary. Comcast plans to spin off cable-TV channels including MSNBC, CNBC and USA. Takeover chatter in INCY. Delta is holding an investors day today. In Europe, stocks are display slight gains. Oil prices are slightly higher this morning with today’s stockpiles report in focus.

S&P Futures are trading lower this morning in a reaction to comments from Fed Chair Jerome Powell that the Fed is not in a rush to lower rates. Put volumes soar in drug stocks as President-elect Donald Trump nominated Robert F. Kennedy Jr., a vaccine skeptic and critic of federal health agencies, to be his Secretary of Health and Human Services. Two key economic reports due out this morning, Retail Sales and Industrial Production. SEC filings displaying position adjustments at major funds continue to come in, AAPL is seeing an elevated number of firms existing positions in the last quarter. In Europe, stocks have gone from flat two lower as anxiety builds ahead of the U.S. markets open. Oil prices are slightly lower due to global demand concerns.

S&P Futures are trading higher this morning ahead of some key economic reports and comments later today from Fed Chair Jerome Powell. On the earnings front, DIS reported positive results and is trading higher. CSCO, JD also delivered positive results but are moving lower. Capri Holding terminates merger with Tapestry. LLY phase 3 data for tirzepatide was very positive. In Europe, stocks are higher on economic data and upbeat earnings. Oil prices are lightly higher ahead of this morning’s stockpiles report.

S&P Futures are displaying some weakness this morning as markets awaits this morning inflation report. The October CPI reading is due out before the bell. Yields on the 10-year treasury bonds spike yesterday to their highest level since July in anticipation of a hot inflation reading. The 10 yr yield is at 4.416% this morning. Spirt Airlines is expected to file for bankruptcy as Frontier drops its merger bid. Super Micro says that they are unable to file their 10-Q on time. In earnings news SPOT, FLUT, OXY & CAVA traded higher on their releases. After the bell today markets will be watching for earnings results from Cisco. Share of AMGN are higher as company states that there is no link between bone mineral density changes and its weight loss drug “MariTide” In Europe, stocks have moved from higher to flat on the day with inflation data in focus.

S&P Futures are flat to lower in a reaction to corporate earnings. On the earnings front ABNB, ANET, ARRY, DKNG, FTNT, AKAM & TTD are moving lower after announcements. China announced a new stimulus plan which focuses in on debt refinancing. NVDA & SHW ar added to the Dow Jones Industrial Average replacing INTC & DOW. Fed Speaker on watch today as the FOMC announced its 25 basis point rate reduction yesterday. In Europe, stocks are lower as China’s stimulus announcement was not as powerful as expected. Oil prices are lower as concerns on a Hurricane in the Gulf of Mexico are falling.

S&P Futures are displaying gains this morning after yesterday impressive rally. The markets are awaiting a monetary policy decision from the FOMC today. On the earnings front APP, ELF, LYFT, MCK, QCOM, DDOG & RL are higher after announcements. After the bell today, ANET, ABNB, TTD, SQ, DKNG & RIVN are scheduled to release. Data on Jobless Claims & 3Q Productivity & Cost to be released before the opening bell. In Europe, stocks are higher, The FTSE is only showing a minor gain ahead of today’s BOE decision. Oil prices are showing some weakness this morning.

S&P Futures are higher this morning in reaction to earnings reports. AMXN, INTC, CVX, CAH and XPM are higher after earnings, AAPL is lower as the street was not impressed with their forward guidance. Today attention will be on the Non-Payrolls report which is expected to come in lower from the Sept figures which would be positive for the markets as it would provide additional confidence for a rate cut next week by the Fed. Shares of Boeing are active as the company has issued a new proposal in an effort to end strike. Vote is Monday and appears likely to pass. Markets will soon start to display caution ahead of the election. The race is too close to call and markets do not like uncertainty. In Europe, markets are rebounding with all three major indexes in the green. Oil prices are spiking higher on reports that Iran is planning retaliatory strikes in the next few days.

S&P Futures are in the red this morning as displays concerns with growth rates on MSFT & META after earnings. After the bell today earnings releases from AAPL, AMZN & INTC are due out. PCE and Jobless Claims due out before the opening bell. Bond yields are ticking lower as markets start to display caution in ahead of next week’s election. Payrolls report is due out tomorrow. In Europe, markets continue to soften with losses in the three major indexes. Oil prices are showing gains as PMI data out of China showed a return to growth.

S&P Futures are positive this morning as markets remained focused on corporate earnings and Treasury yields. Shares of DECK, LHX, DLR, COF & WDC are higher after earnings releases. U.S. Judge blocks the pending merger between Tapestry & Capri. MSFT to release hot selling video game “call of Duty today on a subscription basis. Durable Goods report is due out this morning – next week’s economic calendar is very active. In Europe, markets are mixed to lower on the back of positive earnings reports. Oil prices are higher with Middle East developments in focus.