Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»5 things to know before the stock market opens Wednesday, October 30
    Stock Market

    5 things to know before the stock market opens Wednesday, October 30

    October 30, 20243 Mins Read


    News Update – Pre-Markets

    Here are five key things investors need to know to start the trading day:

    1. Tech watch

    The Nasdaq Composite rose 0.78% and hit a new high Tuesday as tech shares picked up steam. The S&P 500, meanwhile, added 0.16%, while, the Dow Jones Industrial Average didn’t fare as well, falling 154.52 points, or 0.36%. Investors will continue watching earnings, as major tech companies Meta Platforms and Microsoft are set to report on Wednesday, while Apple and Amazon are coming up Thursday. Alphabet shares rose more than 5% in premarket trading Wednesday after strong earnings. Follow live market updates.

    2. On cloud nine

    A woman bikes by a giant Google logo at Google’s Bay View campus in Mountain View, California on Aug 13, 2024 where the “Made by Google” media event was held today. 

    Josh Edelson | AFP | Getty Images

    Google parent Alphabet reported third-quarter earnings that beat Wall Street’s expectations on Tuesday. The tech giant also saw strong revenue growth of $11.35 billion from its cloud unit, an increase of nearly 35% from last year. Meanwhile, Google’s search business, which Alphabet Chief Financial Officer Anat Ashkenazi said remains the company’s biggest revenue driver, generated $49.4 billion in revenue, an increase of 12.3% from the same period in 2023.

    3. Consumer confidence

    People shop at a store in Brooklyn on August 14, 2024 in New York City. 

    Spencer Platt | Getty Images

    Consumers are feeling more confident about the U.S. economy. The Conference Board’s consumer confidence index for October climbed more than 11%, its biggest one-month jump since March 2021. At a reading of 138, the index is much higher than the sub-80 level that indicates a recession. But a separate report from the Bureau of Labor Statistics, also released Tuesday, showed that job openings fell to the lowest level since January 2021. There were 7.44 million job openings in September, off by more than 400,000 from the previous month’s downwardly revised level and below Wall Street expectations.

    4. Chipotle stock dips

    Workers fill food orders at a Chipotle restaurant on April 01, 2024 in San Rafael, California.

    Justin Sullivan | Getty Images

    Chipotle shares fell roughly 7% in premarket trading Wednesday after the burrito chain reported mixed quarterly results. The company’s earnings beat expectations, but revenue fell short. Chipotle also reported same-store sales growth of 6%, which was slightly less than the 6.3% analysts had expected, according to StreetAccount. It was the company’s first earnings report since former CEO Brian Niccol left for Starbucks.

    5. Auto focus

    Voters place their ballot in the tabulator as they cast their in-person early ballot for the 2024 general election at the Northwest Activities Center on October 29, 2024 in Detroit, Michigan. 

    Jeff Kowalsky | AFP | Getty Images

    Vice President Kamala Harris and former President Donald Trump have spent a lot of time campaigning in Michigan, hoping to win over the swing state — and the auto industry. Auto executives and lobbyists told CNBC’s Michael Wayland that they’re preparing for all outcomes in the election, including the possibility of a divided Congress. The auto industry is focused on how Harris and Trump’s policies will affect electric vehicles, trade, tariffs, China, emissions regulations and labor. Read more about what they expect from each candidate here.

    — CNBC’s Hakyung Kim, Jeff Cox, Jennifer Elias, Amelia Lucas and Michael Wayland contributed to this report.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dividend stocks: Britannia, Coal India, Hindalco Industries, IOCL, Hyundai Motor, and others to trade ex-dividend this week – Market News

    Stock Market

    3 ASX Dividend Stocks Yielding Up To 8.6%

    Stock Market

    Canadian Utilities Second Quarter 2025 Earnings: Misses Expectations

    Stock Market

    Global equities that should weather the stockmarket’s storms

    Stock Market

    Dividend Stocks: BHEL, MCX, Maruti, Varun Bev, Coal Ind, IOC, HAL To Trade Ex-Dividend In Aug | Markets News

    Stock Market

    Essential Utilities Second Quarter 2025 Earnings: Beats Expectations

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Red Sox’ Big Four? Roman Anthony calls other rising prospect ‘Barry Bonds’

    Cryptocurrency

    What Cryptocurrency Firms Want in New York Office Space – Commercial Observer

    Commodities

    How Southern Company is Leading the US Energy Transition

    Editors Picks

    Iran Orders Material From China for Hundreds of Ballistic Missiles — Commodities Roundup

    June 6, 2025

    The Evolution of Cryptocurrency: Then, Now, and Future

    July 16, 2024

    Seeking at Least 8% Dividend Yield? Raymond James Suggests 2 Dividend Stocks to Buy

    October 23, 2024

    Pulse Asia: Inflation, personal health top urgent concerns for Pinoys

    July 17, 2025
    What's Hot

    Cryptocurrency News Live: Bitcoin prices today; Ethereum, Solana, memecoin updates

    July 6, 2025

    Lunch- and dinnertime favorite recalled due to metal contamination

    August 17, 2024

    New Oriental Education & Technology Group Inc. (EDU): A Good Defensive Stock to Add to Your Portfolio Now

    August 17, 2024
    Our Picks

    Il ne faut pas en avoir peur”… Comment gérer ce syndrome du “nid vide” ou “le jour où les enfants s’en vont

    June 28, 2025

    En attendant le remake Metal Gear Solid Delta, un jeu de plateau MGS1 pour tous les nostalgiques – Actu

    February 26, 2025

    Aya Gold & Silver enregistre une perte nette au quatrième trimestre

    March 28, 2025
    Weekly Top

    Hollywood A-lister’s sprawling UK mansion with THREE private islands hits market for £4.5m – can you guess famous owner?

    August 3, 2025

    Are Ukrainian’s turning on Zelensky?: Multiple casualties reported after civilians ‘attack draft officer with bats and metal pipes’ in Mykolaiv Oblast

    August 3, 2025

    3 ASX Dividend Stocks Yielding Up To 8.6%

    August 3, 2025
    Editor's Pick

    This 5.6%-Yielding Dividend Stock Keeps Finding New Ways to Grow

    February 24, 2025

    Tether (USDT) Set to Launch on Aptos Blockchain

    August 19, 2024

    VIDÉO – Une créature mécanique de 15 mètres de long et 27 tonnes : une prouesse spectaculaire entre bois et métal

    May 9, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.