From Nasdaq: 2024-11-18 11:39:52

The S&P 500 is down -0.03%, Dow Jones down -0.21%, Nasdaq 100 up +0.14%. Stocks mixed, Dow at 1-1/2 week low due to higher bond yields. Tesla up +6% on plans for self-driving vehicles. Nvidia down -2% on overheating issue. Markets await housing data, Walmart, and Lowe’s earnings. 75% of S&P 500 beat Q3 estimates.

Interest rates: 10-year T-notes down -4 ticks, yield at 4.457%. European bond yields higher. ECB may react with higher rates due to international tensions. Swaps signal 100% chance of ECB rate cut. Stock movers: Super Micro up +19%, Tesla +6%, AMD +4%, Dell +3%, Globe Life +2%. Shift4 Payments up +4%.

Newmont up +2% after $850 million sale. Hewlett Packard Enterprise up +1%. Nvidia down -3% on design change. Palantir down -8% on insider selling. Nike down -2% after price target cut. Neurogene down -39% on paused treatment. Avis Budget Group down -2%, Charles River Labs down -1%, Fortive Corp down -1%.

Earnings reports: AECOM, BellRing Brands, Bit Digital, Critical Metals Corp, I3 Verticals, Mondee Holdings, Twist Bioscience. Stock movements and market reactions vary. Market outlook cautious amid geopolitical and economic uncertainties.



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