Volatile trading week impacted by oil prices, Treasury yields, earnings reports, and future rate hikes.

From Nasdaq: 2024-10-11 12:44:20

Last week saw volatile trading for the DJI, SPX, and IXIC with oil prices and Treasury yields affecting the markets. The Federal Reserve’s meeting minutes showed internal division on future rate hikes. September’s CPI exceeded expectations, while PPI met estimates. Investors are now focused on earnings season for U.S. economic health insights.

The beginning of earnings season saw WFC and JPM exceeding quarterly estimates, while DAL missed and issued a bleak Q4 outlook. Tesla’s product unveiling disappointed, causing its stock to dip. DOCU hit a 52-week high, RIO acquired ALTM, and PEP reported Q3 financial results, all impacting various sectors.

Analysts issued downgrades for AAPL, AMZN, and KBH this week, though CHWY received a price target boost. Chewy and Reddit also received new bullish coverage, while Wells Fargo stock got a bullish note. Earnings season is ramping up with reports from JNJ, NFLX, and more on the horizon, along with key economic data.

As earnings season continues, multiple banks and major companies are set to report. Check out the benefits of owning both stocks and commodities, as well as analysis on a key SPX pivot point for market insights. Employment and housing data releases are also expected.



Read more at Nasdaq: Breaking Down This Week’s Volatile Price Action