1. Earnings Expectations
Stock futures were mostly stable as investors anticipated key corporate earnings. Nasdaq 100 futures rose slightly, while Dow Jones and S&P 500 futures fell slightly. Companies like Pfizer and McDonald's reported before the bell, while Alphabet, Snap, Reddit, Chipotle, and AMD were set to report post-market close.
2. McDonald's Q3 Earnings
McDonald's exceeded Wall Street's Q3 earnings expectations, reporting $3.23 per share versus the expected $3.20. Sales increased 3% to $6.87 billion. The company also faced scrutiny after an E. coli outbreak linked to its Quarter Pounder burger resulted in one death.
3. JPMorgan Chase Sues Over ‘Infinite Money Glitch’
JPMorgan Chase filed lawsuits against customers who exploited a viral ATM "infinite money glitch" to withdraw large sums before check bounces. One customer allegedly owes $290,939 after depositing a counterfeit $335,000 check.
4. Ford’s Lowered Earnings Guidance
Ford revised its 2024 earnings guidance to the lower end of $10 billion to $12 billion, after reporting Q3 EPS of 49 cents, slightly above expectations. The company's revenue of $43.07 billion also surpassed estimates.
5. Apple Intelligence Launched
Apple launched iOS 18.1, featuring Apple Intelligence, its first public AI system. New AI functionalities include text proofreading, photo editing, and notification summarization. The update also enhanced Siri, marking a major step in Apple’s AI strategy.
Stock futures were mostly stable as investors anticipated key corporate earnings. Nasdaq 100 futures rose slightly, while Dow Jones and S&P 500 futures fell slightly. Companies like Pfizer and McDonald's reported before the bell, while Alphabet, Snap, Reddit, Chipotle, and AMD were set to report post-market close.
2. McDonald's Q3 Earnings
McDonald's exceeded Wall Street's Q3 earnings expectations, reporting $3.23 per share versus the expected $3.20. Sales increased 3% to $6.87 billion. The company also faced scrutiny after an E. coli outbreak linked to its Quarter Pounder burger resulted in one death.
3. JPMorgan Chase Sues Over ‘Infinite Money Glitch’
JPMorgan Chase filed lawsuits against customers who exploited a viral ATM "infinite money glitch" to withdraw large sums before check bounces. One customer allegedly owes $290,939 after depositing a counterfeit $335,000 check.
4. Ford’s Lowered Earnings Guidance
Ford revised its 2024 earnings guidance to the lower end of $10 billion to $12 billion, after reporting Q3 EPS of 49 cents, slightly above expectations. The company's revenue of $43.07 billion also surpassed estimates.
5. Apple Intelligence Launched
Apple launched iOS 18.1, featuring Apple Intelligence, its first public AI system. New AI functionalities include text proofreading, photo editing, and notification summarization. The update also enhanced Siri, marking a major step in Apple’s AI strategy.