Five essential items for investors to be aware of before the trading day begins are as follows:
1. CPI (wait and) In anticipation of the release of the most recent CPI data at 830 a.m. ET on Thursday, stock futures fell. If S&P 500 and Nasdaq 100 futures declined by around 0.2%, futures linked to the Dow Jones Industrial Average fell by 0.1%.
2. Federal Reserve officials over their half-point rate cut were divided. Many officials supported a lesser decrease, but ultimately the decision to reduce by half a percentage point was made to strike a balance between concerns about the labour market and confidence in inflation.
3. Ascending Delta Air Lines reports increasing profitability. The Atlanta-based airline increased its adjusted earnings per share guidance for the fourth quarter to between $1.60 and $1.85 on Thursday, from adjusted EPS of $1.28 a year earlier.
4. CVS takes offence In a lawsuit alleging that the businesses increased their profits while driving up the cost of insulin for Americans, CVS Health and UnitedHealth Group filed separate requests to have Federal Trade Commission Chair Lina Khan and two other members removed.
5. Milton touches down. Late on Wednesday, Hurricane Milton, a Category 3 hurricane, made landfall close to Siesta Key, Florida. The storm’s peak sustained winds have already decreased to Category 1, but authorities are still alerting people to the system’s “extreme danger.” President Joe Biden called the decision to evacuate millions of Floridians “a matter of life and death” in the days before the storm made landfall.
Source (CNBC)
