From Nasdaq: 2024-11-14 15:33:09

The S&P 500, Dow Jones, and Nasdaq are down today. Markets are lower due to profit-taking and anticipation of Fed Chair Powell’s speech. US economic news showing strength may deter aggressive rate cuts. Weekly jobless claims fell, and October producer prices rose, impacting Fed policy.

Positive corporate news boosts stocks. Disney’s stock rises over 10% after strong Q4 earnings. Chip stocks climb, airline stocks also up. US jobless claims fall to a 5-1/2 month low, Oct PPI exceeds expectations.

85% of S&P 500 companies beat Q3 earnings estimates. Markets predict 82% chance of Fed rate cut. Overseas markets mixed. 10-year T-note yield down. European bond yields mixed. Eurozone industrial production weak. ECB expects ongoing disinflation.

Stock movers: Super Micro Computer down, Cisco Systems down, Capri Holdings down. Ibotta down, Tetra Tech down. Walt Disney up, Tapestry up. Chip stocks rise, airlines climb. Charles Schwab up, CNH Industrial up. Beazer Homes USA up, QXO Inc up. Earnings reports today.



Read more at Nasdaq: Stocks Slip Ahead of a Speech from Fed Chair Powell