메뉴 건너뛰기

XEDITION

등업게시판

Powell due to speak at 11:00 a.m. ET



Tesla slips as Cybertruck priced above initial forecast



Futures: Dow flat, S&P down 0.16%, Nasdaq off 0.25%

(Updated at 8:26 a.m. ET/ 1326 GMT)

By Shristi Achar A and Amruta Khandekar

Dec 1 (Reuters) - Wall Street's indexes were set for a subdued open on Friday as investors were on edge in the run up to Federal Reserve Chair Jerome Powell's comments that are expected to hold clues on the interest rate path.

This comes after the S&P 500 and Nasdaq finished November with their biggest monthly gain since July 2022, while the Dow Jones rallied to close at its highest level since January 2022.

Data showing slowing U.S. consumer spending, some dovish comments from Fed officials and a strong earnings season propelled the equity indexes to a stellar November.

The recent slew of economic data, including Thursday's personal consumption expenditure index, signalled easing inflation in the world's largest economy, underscoring hopes the central bank would now end its interest rates hiking cycle.

But after recent conflicting policy remarks from some policymakers, investors are concerned that Powell could push back against the rate cut narrative. Powell is expected to speak at two separate events at 11 a.m. ET and 2 p.m. ET.

"Especially because of the ebullience of the markets over the last couple of weeks, there probably is a hawkish message that he's going to deliver today," said Kim Forrest, chief investment officer at Bokeh Capital Partners.

Forrest added markets were not expecting interest rates to stay at elevated levels for long.

A pause in rate hikes has been fully priced in for adult the upcoming December policy meeting, and traders also see an about 48% chance of at least a 25 basis point rate cut in March 2024 and an about 78% chance of another cut in May, according to CME Group's FedWatch tool.

Investors will also monitor comments from Fed Governors Lisa Cook and Chicago Fed President Austan Goolsbee, scheduled to speak during the day, and look out for manufacturing purchasing managers' index (PMI) data from the S&P Global and ISM.

At 8:26 a.m. ET, Dow e-minis were down 7 points, or 0.02%, S&P 500 e-minis were down 7.5 points, or 0.16%, and Nasdaq 100 e-minis were down 40.75 points, or 0.25%.

Tesla underperformed other megacap stocks, down 2.0% before the bell, as the EV maker priced its Cybertruck above its initial forecast.

Among other stocks, U.S.-listed shares of Alibaba slipped 1.7% premarket after Morgan Stanley downgraded the e-commerce giant, citing slower turnaround in customer management revenue (CMR).

Pfizer fell 4.3% as the drugmaker scrapped its plan to advance a twice-daily version of oral weight-loss drug danuglipron into late-stage studies.

Marvell Technology shed 4.6% after the chipmaker's fourth-quarter revenue forecast fell short of Street estimates.

Ulta Beauty rose 10.9% after the cosmetics retailer raised the lower end of its annual net sales forecast and named Paula Oyibo its new chief financial officer.

Automation software firm UiPath jumped 16.2% on beating third-quarter revenue estimates.

(Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini Ganguli)

번호 제목 글쓴이 날짜 조회 수
공지 esky에 오신걸 환영합니다. 관리자 2024.12.09 33
2230 BK8 – Thiên Đường Cá Cược Trực Tuyến NatishaWalling8337 2025.07.10 0
2229 188BET – Thiên Đường Cá Cược Trực Tuyến ElanaScarberry2101 2025.07.10 0
2228 Perbedaan Ter Basic Tentang Judi Online Dan Konvensional BrockDurkin00804 2025.07.10 0
2227 Changing Your Retail Business To Reduce Theft YLOMarylyn083359 2025.07.10 4
2226 Case Study: The Web Purchase Of Modafinil For In A Single Day Delivery DelphiaY42958966513 2025.07.10 2
2225 The Best Private Jet Charter Companies: Elevating Luxury Travel AlexanderLavater0282 2025.07.10 2
2224 BK8 – Thiên Đường Cá Cược Trực Tuyến DeePearson5427688 2025.07.10 0
2223 Identity Theft - Ideas For Avoid Identity Theft LashawndaSkene400519 2025.07.10 4
2222 Jadi Ini Alasan Tingginya Penggemar Judi Onine Di Indonesia HugoMattison85614956 2025.07.10 0
2221 Beberapa Teknik Bermain Judi Online Card Dengan Rumus Tertentu RyanMayes240058593 2025.07.10 0
2220 Stress Relief Tips You Should Use Right Now To Improve Your Workplace RowenaDAlbertis47927 2025.07.10 4
2219 Golden Alternative: Real Gold Bars Now Obtainable For Buy EthelSpriggs379 2025.07.10 2
2218 The Economics Of Private Flight Pricing: Understanding The Elements At Play EOKMilla71623054370 2025.07.10 2
2217 Kelebihan Dan Kekurangan Main Judi Online Supaya Menang Banyak LavondaMoen0449938 2025.07.10 0
2216 Discover The Power Of No-Risk Bonuses StewartSchwartz1 2025.07.10 2
2215 Manfaat Bermain Judi Online Yang Nyata-nyatanya Banyak Untungnya MattGrimstone709 2025.07.10 0
2214 Revolutionizing Retirement: The Rise Of Gold IRA Companies In 2023 NedKlem0378007731490 2025.07.10 2
2213 Big Loans With No Credit Check: A Dangerous Monetary Pattern On The Rise HalMcLamb957625962 2025.07.10 2
2212 Cara Menang Main-main Judi Online Supaya Menang Hingga Beberapa Ratus Juta GustavoFranks93188 2025.07.10 0
2211 Understanding Gold And Silver IRA Companies: A Comprehensive Guide Lucile67S2608521 2025.07.10 2
위로