Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚀 Netflix soars after Q4 earnings. Catch the best Big Tech plays before they report.
Use free screener
Dow Jones futures rise in anticipation of Federal Reserve meeting
Editor
Published Oct 31, 2023 11:15AM ET
© Reuters.
In Tuesday's early trading, Wall Street saw Dow Jones futures rise as investors eagerly await the outcome of the Federal Reserve's two-day meeting. The market is not expecting a rate hike this time around, but there's a slight possibility of an increase at the subsequent meeting on December 13.
In the stock market, Tesla (NASDAQ:TSLA) shares continue their downward spiral, falling below the 200 price level on Monday, marking a more than 30% drop from their 52-week high. On the other hand, Amazon (NASDAQ:AMZN) made a bullish move back above its 50-day line Monday, while Nvidia (NASDAQ:NVDA) rose for a second consecutive day last week after shares fell below the 400 price level for the first time since mid-June.
Shares of several companies including Amgen (NASDAQ:AMGN), Arista Networks (NYSE:ANET), Monolithic Power (NASDAQ:MPWR), Pinterest (NYSE:PINS), Pfizer (NYSE:PFE), Walmart (NYSE:WMT), and UnitedHealth (NYSE:UNH) rose in early trade today. Pinterest shares notably raced 16% higher. Walmart is tracing a cup base with a 165.85 buy point, while UnitedHealth is showing a new buy point at 546.78.
The Dow Jones Industrial Average rallied by 1.6%, or 510 points, on Monday, while the S&P 500 and the tech-heavy Nasdaq composite both moved up by 1.2%. The yield on the U.S. Treasury bond fell to 4.83%, and West Texas Intermediate futures rose almost 1%.
Among the "Magnificent Seven" stocks, Tesla skidded 1.5% early Tuesday, while Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) traded mixed ahead of today's stock market open. Apple is set to deliver its fiscal fourth-quarter report late Thursday, while Microsoft shares are moving closer to an early buy trigger at 346.20.
In other market news, Lululemon Athletica (NASDAQ:LULU) is still below a flat base's 406.94 buy point, while Light & Wonder continues to trace a flat base with a 79.97 buy point. Tradeweb broke out of a flat base's 87.53 buy point following the company's third-quarter earnings report.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.