Before the trading day begins, investors should be aware of the following five important factors:
1. Leaders in tech The IT sector is driving Monday morning’s stronger futures trade. Futures linked to the S&P 500 increased by 0.6%, Nasdaq 100 futures by 0.8%, and Dow Jones Industrial Average futures by 0.5%.
2. Week of highest demand The week of Q3 earnings is the busiest. Tech, automobiles, restaurants, energy, and pharmaceuticals are among the more than 150 S&P 500 businesses that are scheduled to report.
3. Strike in court CrowdStrike is being sued by Delta Air Lines after thousands of flights were cancelled due to a software glitch in July. Alleging carelessness and breach of contract.
4. The reintroduction of the Quarter Pounders Following a fatal E. coli epidemic, McDonald’s removed the Quarter Pounder from several locations but is now reintroducing the dish.
5. Bike peddling
Peloton is being pitched by David Einhorn. The shares of the fitness company might reach $31.50, approximately five times their current price of $6.30 each.
Source (CNBC)
