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US stock indexes on Thursday expected a rebound shy after a wave of late sales that canceled all gains of the Dow and the S & P 500 and placed the Nasdaq in territory correction for the first time in two years.
Wall Street has fought a panoply of fears that have deeply disrupted the market, including a slowdown in the global economy, the Federal Reserve's tendency to raise rates and expectations of lower than expected results.
How are the main landmarks?
Futures for the Dow Jones Industrial Average
YMZ8, + 0.68%
were up 179 points, or 0.73%, to 24,792, those in the S & P 500 index
ESZ8, + 0.79%
earned 23 points, or 0.9%, at 2,687.50, while the Nasdaq-100 futures
NQZ8, + 1.40%
were up 95 points to 6,930, a return of 1.35%.
Wednesday, the Dow
DJIA, -2.41%
down 606.11 points, or 2.4%, to 24,583.42, the S & P 500 index
SPX, -3.09%
fell 84.59 points, or 3.1%, to 2,656.10, his sixth straight loss. Meanwhile, the Nasdaq composite index
COMP -4.43%
lost 329.14 points, or 4.4%, to 7108.4, a performance that put the index more than 10% below the record level of August 29, which is the widely used definition of market. The loss also marked the worst day for Nasdaq since August 18, 2011.
So far in October, the S & P lost 8.9%, the Dow is down 7.1% and the Nasdaq has dropped 11.7% for the month.
Wednesday's session also caused the Dow Jones to lose ground for the year, falling 0.6% in 2018. The blue-chip index also fell for five consecutive weeks, its longest run weekly losses since July 11, 2008, when the market fell for six consecutive weeks.
The S & P 500 also closed the day trading in the red, down 0.7% since the beginning of the year.
DJIA, -2.41%
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What motivated the market?
Market sentiment looks less bleak after Wednesday's disappointing losses, but uncertainty still prevails as investors worry about worries about global growth and global monetary policy developments as Wall Street attempts to stop the losses in October.
A solid quarterly report, like that of Tesla Inc., could offer minimal relief to investors as they turn to the European Central Bank press conference. The ECB issued its policy statement at 7:45 am ET, but did not propose any changes as planned.
The ECB reaffirmed its intention to end the badet purchase program at the heart of its quantitative easing strategy in December, provided the data shows that inflation remains on the table. good way to reach its goal in the long run. The ECB left interest rates unchanged and reiterated that they would remain at current levels "at least until the summer of 2019."
A press conference moderated by its president, Mario Draghi, is scheduled at 8:30.
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What stocks are under discussion?
Actions of Tesla Inc.
TSLA, -1.92%
more and more than 10% of pre-market sales after the electric car manufacturer realized the largest quarterly profit in the company's history.
Comcast Corp.
CMCSA, -4.29%
Shares rose 3.75% before the market opened on Thursday, after the company announced the addition of 363,000 new Internet customers in the third quarter and the surprisingly strong growth in NBCUniversal's revenue.
Actions of Twitter Inc.
tWTR, -4.28%
increased by almost 13% after the company's earnings and earnings release for the third quarter, but a 9% drop in the number of monthly active users was lower than expected by badysts.
Raytheon Co.
RTN, -4.84%
surpbaded badysts' expectations for earnings and sales in the third quarter, helping to boost the aerospace and defense company's shares by 3.9% in pre-market operations.
Altria Group Inc.
MO + 0.74%
stocks were down slightly before the market opened, after the company recorded higher revenues and financial gains, while stating that it would remove some products from the e-steam market to reduce use of minors.
Actions in Advanced Micro Devices Inc.
AMD -9.17%
continued its plunge in pre-market trading, after the firm posted disappointing sales and prospects on Wednesday after the close. The stock is down 21% in heavy pre-market action.
Merck & Co. Inc.
MRK, -2.16%
posted a profit missed Thursday morning, while reducing its outlook for the year 2018. Shares are down 2.16% in pre-commercial trade.
Actions of ConocoPhillips
COP, -5.10%
fell 1.23% after a slight marketing, after the company announced a third quarter profit.
Several well-known companies will announce their third quarter results after the close on Thursday, including Amazon.com Inc.
AMZN, -5.91%
Alphabet Inc.
GOOG, -4.80%
and Chipotle Mexican Grill Inc.
CMG, -4.90%
What do the badysts say?
"In summary, we believe that softening the effects of fiscal stimulus and the tightening of the Fed's monetary policy will soon begin to weigh on the US economy," according to a study report released by badysts on Thursday. Capital Economics.
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What data are developed?
- A report on weekly jobless claims is expected at 8:30 am, Eastern time.
- At the same time, a reading of durable goods orders for September is expected as well as basic capital expenditure orders.
- A report on the trade in goods in advance for September is also expected at 8:30.
- Data on future home sales are scheduled for September at 10 am.
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