TAGS: Technical Analysis Software
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News in Brief
Bloomberg:
- Powell says rate cut in December is far from foregone conclusion.
- Government Shutdown has already cost US economy $18 billion this year, CBO says.
- China purchases first cargoes of US soybeans this season.
MarketWatch:
- Nvidia just became the first $5 trillion company.
- Meta’s stock sinks as earnings miss by wide margin due to $16 billion tax charge.
- Alphabet shares surge as Google Cloud growth blows past forecasts.
- Fed interest-rate cut on table amid historic government shutdown, record-high stocks and a faltering job market.
- Caterpillar’s stock surges to a record after a big revenue beat and a surprisingly upbeat outlook.
yahoo! finance:
- Microsoft beats on earnings as cloud shines, but stock tumbles.
- Chipotle plunges as company cuts sales forecast again.
- Boeing beats on Q3 revenue as turnaround plan takes off.
- Nvidia jumps as Trump fuels hopes for China Blackwell sales.
The Fed’s decision: Fed cuts rates, Powell leaves December move up in the air.
Global Indexes
S&P 500
The S&P 500 closed unchanged in anticipation of Fed decision and earning results. The futures are positive after the announcements.
DAX
The DAX closed at the bottom of its sideways band.
HANG SENG
The HANG SENG was closed yesterday but opened positive today.
NYSE & NASDAQ Stocks
Caterpillar Inc
CAT made a breakaway gap after results and positive forecast.
NVIDIA Corporation
NVDA became the first $5T value company.
JSE Stocks
JSE All Shares
The JSE All Shares was waiting to see what happens in the US with its inverted hammer candle.
Kumba Iron Ore Ltd
KIO is extending its trend after the bounce on its 50 DMA support.
Algomodel Strategies, Education & Features
Click on Education or go to the home page to view education posts.
Frontrunner, Gaps, Trend and Cyclic Indicators are explained in these education posts.
All stock graphs are shown with a Trend Candles Template which is a feature available in Algomodel Signals Pro.
