Before the trading day begins, investors should be aware of the following five important factors:
1. Expectations about earnings As investors awaited this week’s major corporate earnings releases, stock futures saw minimal movement on Tuesday. Futures for the Nasdaq 100 were up 0.04%. S&P 500 futures dropped 0.06%, while futures linked to the Dow Jones Industrial Average dropped 0.13%.
2. McDonald’s profitability The third-quarter earnings that McDonald’s released Tuesday morning exceeded the expectations of Wall Street. The fast food giant’s adjusted earnings per share were $3.23, while the experts had predicted $3.20 per share.
3. The lawsuit “Infinite Money Glitches” JPMorgan Chase filed a lawsuit against consumers who allegedly used a technological issue that allowed them to withdraw money from ATMs before a check bounced to steal thousands of dollars.
4. Ford braked. After just exceeding Wall Street’s third-quarter projections, Ford Motor guided to the lower end of its previously declared 2024 earnings prediction.
5. Comes Apple Intelligence Apple Intelligence, the company’s artificial intelligence system, was made available to the public for the first time in iOS 18.1, an iPhone update that was issued on Monday.
Source (CNBC)
