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5 things to know before the stock market opens Thursday, October 20

The nationwide price for a gallon of regular gasoline on Thursday was $3.836. For the week, Bitcoin was trading lower by nearly 1.9%. However, for the month, the cryptocurrency was higher by nearly 0.85%. Cryptocurrency prices for Bitcoin, Ethereum and Dogecoin were all lower early Friday. Total revenue, however, rose 4% to $34.2 billion, above expectations of $33.78 billion, according to Refinitiv data. "This is much higher than our assumption of $50 per shot and even assuming $80 per shot net price in high-income countries, we see $2 per share upside to our estimates" from the new prices, he wrote in a research note. The drugmaker, which developed and sells the vaccine with Germany’s BioNTech said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year.

  • A selloff for the ages in the bond market has yields flirting with crisis levels.
  • In commodities, oil inched up 0.5% for the week to $85.05 per barrel.
  • The consortium of U.S. freight railroads is rejecting demands to modify a tentative deal brokered by the Biden administration.
  • US stocks were lower early Friday as investors weigh third-quarter earnings reports and possible Fed actions.

Bellwethers including Netflix , Tesla , and IBM are scheduled to unveil results through Friday. CNBC’s Steve Liesman joins the ‘Halftime Report’ to discuss San Francisco Fed President Mary Daly’s latest statement on rate hikes. Yahoo Finance’s Jared Blikre joins the Live show to break down the market and sector gains seen at the end of this trading week, in addition to looking at meme stocks, Nasdaq leaders, the travel indus… Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bes… U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. Outspoken Barstool Sports founder Dave Portnoy thinks that investors might miss opportunities to invest in the stock market if they are dominated by fear. A selloff for the ages in the bond market has yields flirting with crisis levels.

China optimism fades, oil prices show little change

Yahoo Finance’s Akiko Fujita discusses the chart of the day, showing that the beaten down semiconductor sector is signaling a recession. U.S. stocks finished sharply higher on Friday, with the Dow Jones Industrial Average rising nearly 750 points as the major indexes capped off their biggest weekly advance since June, according to Dow … Jeff Sherman, DoubleLine Capital deputy CIO, joins ‘Closing Bell’ to discuss if today’s comments from the Federal Reserve change the investing picture, if Sherman thinks today’s bond levels make sense… Nasdaq Inc has put the brakes on initial public offering preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debut… Equity markets closed the week higher, up nearly 5% with half the gain occurring on Friday .

Shares fell 6.7%, extending a six-month decline that has loped more than $350 billion from the world’s most valuable carmaker, after it posted softer-than-expected third sales and said full-year deliveries may fall just shy of its 50% growth target. Stocks ended lower Thursday, triggered in part by another leg higher in Treasury bond yields and disruption in global currency markets. It’s going to be tough for the U.S. stock market to make much headway bouncing back from the bear market with two-year Treasury yields at above 4%, according to Andrew Slimmon, an equity portfolio manager at Morgan Stanley… Our website offers information about investing and saving, but not personal advice.

S&P 5003,752.75+86.97(+2.37%)

"At the moment, we keep getting upside surprises on inflation everywhere you look," said Hugh Gimber, a strategist at J.P. "No one really has a good grasp yet of where the central banks — particularly the Fed — are going to be able to stop." The healthy jobs market is a sticking point since it suggests the Fed will have to persist in raising interest rates. The central bank has raised its key interest rate to a range of 3% to 3.25%. Analysts had expected earnings of 55 cents per share, according to Refinitiv IBES. The federal budget deficit totaled $1.38 trillion this year.

Bond investors aren’t all convinced that’s enough for what comes next. With Cathie Wood’s flagship ARK Innovation ETF potentially facing more pain in the stock-market slump, the technology-laden Nasdaq Composite may provide investors more “insulation” in today’s “challenging macroeconomic env… The strong jobs data comes as the Federal Reserve tries to crush runaway inflation with the most aggressive rate hikes in decades. But oil prices have been supported recently by a looming European Union ban on Russian crude and oil products, as well as the output cut from the Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+.

stock market news today

Until recently, the Japanese central bank had devoted its efforts to fending off deflation, or the continued downward spiraling of prices. Meanwhile, Asian shares were mostly lower Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. Benchmarks fell in most regional markets but rose in Mumbai. DotBig The increases are putting pressure on other areas of the economy, including the housing market, where mortgage rates are now at 15-year highs. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94% from 6.92% last week. GettyFour weeks ago, the stock market was at an important foundation level.

Why stock-market investors fear ‘something else will break’ as Fed attacks inflation

FedEx, Ford, AMD and Nike were among the worst performers for the month in the benchmark index. Hargreaves Lansdown is not responsible for an article’s content and its accuracy. — Sign up nowfor the CNBC Investing Club to follow Jim Cramer’s every stock move. Follow the broader market action like a pro on CNBC Pro. Musk offered to buy Twitter in April and sought to end the acquisition a few months later, resulting in a legal battle between him and the company. The outlet cited interviews and documents as the basis of its reporting published Thursday. While speaking to potential investors, Musk said he planned to reduce Twitter’s staffing from about 7,500 to around 2,000 employees, a nearly 75% decrease, according to The Washington Post.

Bad news on earnings could be ‘good news on the inflation front’: Strategist

CNBC’s ‘Halftime Report’ investment committee, Kari Firestone, Jason Snipe, Sarat Sethi and Joe Terranova discuss the Treasury market, inflation and the Fed. CNBC’s Steve Liesman and Gregory Daco, EY-Parthenon, join ‘The Exchange’ to discuss inflation and the possibility the Fed will slow rate hikes. BMO Wealth Management Chief Investment Strategist Yung-Yu Ma joins Yahoo Finance Live anchor Dave Briggs and Seana Smith to discuss market volatility, Fed rate hikes, and the outlook for the rest of c… Stocks had traded firmly higher for much of the session, powered in part by better-than-expected corporate earnings and news of the resignation of embattled British Prime Minister Liz Truss. Stocks are looking wobbly as the Federal Reserve prepares to deliver what’s expected to be another jumbo rate hike.

San Francisco Fed’s Daly: Next Fed hikes should be smaller than 75 BPS

His comments came after Putin imposed martial law in illegally annexed regions of Ukraine. Federal Reserve is trying to slow the economy and will keep raising its short-term rate target, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday. Oil prices were almost unchanged overnight as reports say China stock market news today is considering cutting COVID-19 restrictions. "Markets are a little bit stunned that the Fed has shown that it’s going to stay the course at least through year-end," Laffer said. "If these inflation numbers don’t come down and they don’t come down consistently over several months, you are not going to get a pivot anytime soon."

Biden boosts EVs, slams oil companies

Chair Jerome Powell conceded during the post-meeting press conference that higher rates could "give rise to increases in unemployment." Continuing claims, or the number of Americans who are consecutively receiving unemployment aid, rose stock market news today to 1.385 million, up by 21,000 from the previous week’s revised level. One year ago, more than 3.27 million Americans were receiving unemployment benefits. Gas hit an all-time high of $5.016 on June 14, approximately 18 weeks ago.

If you’re not sure which investments are right for you, please request advice, for example from our financial advisers. If you decide to invest, DIS stock read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in.

The Dow Jones Industrial Average fell 630 points, o… Investors often view real estate investment trusts as a defensive asset in a sinking stock market, but REITS are struggling in 2022 as investors look for places to hide in a year market rocked by soaring inflation DotBig and risi… Barron’s live coverage of financial markets, from stocks and bonds to oil and crypto. The Bank of Japan has kept an ultra-low interest rate policy, while the Federal Reserve and other central banks have been raising rates to counter surging prices.

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