NYSE and Nasdaq Open, Bond Market Closed
Despite the federal holiday (Columbus Day), the New York Stock Exchange and Nasdaq will operate normally, while the bond market and government offices remain closed.
US Stock Futures Steady After Last Week’s Rally
Stock futures show little movement as major U.S. indices look to extend recent gains following record closes last week, driven by strong bank earnings and positive inflation data. The market is currently on a five-week winning streak.
Boeing Shares Slide After Job Cuts and Charges
Boeing's stock dropped over 2% in premarket trading after the company announced it would cut about 17,000 jobs (10% of its workforce) and postpone the launch of its 777x jetliner, expecting $5 billion in pre-tax earnings charges in Q3.
Tesla Rebounds After Post-Robotaxi Event Slide
Tesla shares rose over 1% after recovering from losses following its Cybercab autonomous vehicle announcement, which analysts deemed lacking in details. Uber Technologies shares fell about 1% after hitting a record high last week.
Bitcoin’s Jump Drives Crypto Stocks Higher
Bitcoin surged to nearly $65,000, boosting crypto-related stocks. MicroStrategy saw a 6% increase, while Coinbase rose 4%, and Marathon Digital Holdings gained 5%. Although bitcoin remains below its March record high of $73,000, investor sentiment in the crypto market is improving.
Despite the federal holiday (Columbus Day), the New York Stock Exchange and Nasdaq will operate normally, while the bond market and government offices remain closed.
US Stock Futures Steady After Last Week’s Rally
Stock futures show little movement as major U.S. indices look to extend recent gains following record closes last week, driven by strong bank earnings and positive inflation data. The market is currently on a five-week winning streak.
Boeing Shares Slide After Job Cuts and Charges
Boeing's stock dropped over 2% in premarket trading after the company announced it would cut about 17,000 jobs (10% of its workforce) and postpone the launch of its 777x jetliner, expecting $5 billion in pre-tax earnings charges in Q3.
Tesla Rebounds After Post-Robotaxi Event Slide
Tesla shares rose over 1% after recovering from losses following its Cybercab autonomous vehicle announcement, which analysts deemed lacking in details. Uber Technologies shares fell about 1% after hitting a record high last week.
Bitcoin’s Jump Drives Crypto Stocks Higher
Bitcoin surged to nearly $65,000, boosting crypto-related stocks. MicroStrategy saw a 6% increase, while Coinbase rose 4%, and Marathon Digital Holdings gained 5%. Although bitcoin remains below its March record high of $73,000, investor sentiment in the crypto market is improving.