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Stock index futures have indicated that the Dow Jones Industrial Average and the S & P 500 will pave the way for ending three consecutive days of gains as investors wait for an update from the Federal Reserve's monetary policy , which could offer new clues to the pace of rate hikes.
How did the benchmarks behave?
Futures for the Dow
YMZ8, -0.24%
were down 56 points, or 0.2%, to 26,126, while the S & P 500 Index futures
ESZ8, -0.41%
decreased by 8.9 points, or 0.3%, to 2,807.50 and Nasdaq-100 futures contracts
NQZ8, -0.59%
fell 33 points, or 0.5%, to 7,186.
Wednesday, the Dow
DJIA, + 2.13%
545.25 points, or 2.1%, to 26,180, while the S & P 500 index
SPX, + 2.12%
climbed 58.43 points, or 2.1%, to 2,813. The Nasdaq Composite Index
COMP + 2.64%
jumped 194.79 points, or 2.6%, to 7 570.75. All three indexes ended the day under the highs of the day and posted their best daily gains for weeks.
Wednesday's performance also marked the best day of the Dow and S & P 500 since October 16, while the Nasdaq had its best session since Oct. 25.
The Dow and S & P 500 have now improved in three consecutive sessions, while the Nasdaq has booked back-to-back advances.
What motivates the market?
Actions have been mainly supported in recent days, with the mid-term election results helping to dispel the uncertainty that weighed on investor sentiment.
Although investors continue to address the long-term implications of Democrat control over the House and Republicans retain a majority in the Senate – a result expected by all – renewed nervousness over Fed policy will likely attract lion's share of Wall Street's priorities.
Lily: The Fed remains stoic in the face of market fluctuations
The Fed ends its two-day policy meeting at 2 pm On Thursday, the time is up for interest rate hikes, but the central bank will provide information on the health of the economy, its expectations for inflation and the lingering effects of A prolonged trade dispute between the United States and China. .
Quarterly results continue to grow. About 87% of S & P 500 companies have released their third quarter results so far, with average earnings growth of more than 25%, according to FactSet data. Investors fear that sustained growth will not last very long, especially as the expansion elsewhere in the world is down.
DJIA, + 2.13%
See: That's why stock market investors say "bottling is good" after publication by the media
The drama of the White House is another subject that is of great concern to investors. Jeff Sessions resigned Wednesday from his position as Attorney General at the request of President Donald Trump.
Trump had repeatedly questioned the existence of Special Advocate Robert Mueller's investigation into possible links between the Trump campaign and Russia's interference in the 2016 election on the Sessions.
Lily: How the midterms have marked history: many firsts emerge from the results of the night of the elections
What actions were under discussion?
Actions of Tesla Inc.
TSLA, + 2.08%
Robyn Denholm headed his new president and replaced the chairman of the board, Elon Musk, with a relatively alien member of the group who would face the difficult task of overseeing the non-conformist billionaire.
Actions of Arris International PLC
ARRS, + 11.29%
Prestressed Market Negotiated Thursday After Provider of Cable Industry Announced Acquisition by CommScope Holding Co. Inc.
COMM -1.09%
The stock is up 10.5% before the bell.
Actions of Cardinal Health Inc.
CAH, + 2.13%
The health services company reported a profit and revenue in the first quarter exceeding expectations, reinforced by the strength of its activities in the pharmaceuticals sector.
D.R. Horton Inc.
DHI + 0.27%
Thursday's fourth-quarter financial results were in line with expectations, but revenues were cautious, as rising prices and rising interest rates led to some moderation in demand.
Actions of Monster Beverage Co.
NMST, + 2.04%
declined by more than 11% in pre-market trading, after CEO Rodney Sacks said at a results conference call with analysts that Coca-Cola Co.
KO + 0.53%
planned to release two new drinks from the competition.
Monster began arbitration with Coca-Cola, its largest shareholder, to determine whether Coca-Cola would be allowed to launch competing beverages in April 2019, and the outcome of the dispute could have an impact on Coca-Cola's full ownership. Monster, as some analysts have advised.
Wynn Resorts Ltd.
WYNN + 3.92%
Shares fell 14.9% ahead of the bell on Thursday, following a call for analysts' results Wednesday night in which CEO Matthew Maddox announced that he was anticipating a "sluggish" market in the fourth quarter for his equity sector. Macau activity.
TripAdvisor, Inc..
TRIP, + 1.88%
Precommercial action is up 7.4%, after beating profits Wednesday night.
Actions of Broadcom Inc.
AVGO, + 2.69%
increased by 0.3% in pre-market trading, after J.P. Morgan took over the company's coverage, ranking it overweight with a price target of $ 325. News was also released Thursday that the company has laid off more than 300 workers at CA Technologies, which Broadcom has acquired under a contract that was closed Monday.
Actions of Perrigo Co. Plc
PRGO, + 1.75%
were down 9.7%, following the release of third quarter results before Thursday's bell.
L Brands Inc.
KG, + 0.81%
inventories rose 5.7% in pre-market trading, after parent Victoria's Secret announced 4% same-store sales growth for the four weeks ending Nov. 3 and raised its guidance for the third quarter. The company attributed this outperformance to its Bath & Body Works brand.
Square Inc..
SQ + 6.96%
the stock is down 5.3% before the bell, after the company released disappointing forecasts for the fourth quarter on Wednesday night.
Actions of Qualcomm Inc.
QCOM, -0.66%
7.6% pre-commercialization following Wednesday's announcement of the company's financial loss in the third quarter.
Alarme Inc.
ALARM, + 3.30%
Equities rose more than 15% in pre-market trading, after the real estate firm's earnings and outlook surpassed Wall Street's estimates.
What does the strategist say?
Michael O 'Rourke, chief market strategist at Jones Trading, warned customers not to be reassured by Wednesday's rally, which, he explained in a research note, "has the distinctive signs of the bear market rally – a strong increase on low volumes thanks to a hollow catalyst. "
"The other headwinds of the market will reappear quite quickly," O'Rourke wrote. "Has this market suddenly come together in reaction to the results of a political election one day when the resignation of the Attorney General could potentially put the nation on the road to a constitutional crisis? The catalyst begins to appear even more hollow.
"The torch of the central bank is now switched to the FOMC, which decides on the policy later today. Officials hope that officials will stay on hold, but we expect them to keep the door wide open for a December hike, "wrote Charalambos Pissouros, Senior Market Analyst at JFD Brokers, the company. multi-insurer investment.
What data is ahead
The first claims of unemployment fell by 1,000 during the week ended Nov. 3 to 214,000, said Thursday the Department of Labor. This figure was slightly higher than the 210,000 forecasts of economists surveyed by MarketWatch. The total number of Americans receiving Employment Benefits has fallen to its lowest level since the summer of 1973.
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