Pre-market futures are flattish with a downward bias after the Dow’s record high close. Q3 earnings reports are mixed, with AT&T missing estimates, Thermo Fisher beating, GE Vernova having a mixed picture, and Teck Resources surpassing expectations. Fed Governor Barr will speak ahead of next week’s expected rate cut.
Big Q3 earnings reports expected after the closing bell include Tesla, IBM, and Southwest Airlines. Tesla is expected to have negative earnings per share year over year, while IBM and Southwest Airlines face tough comps. The AI revolution has already created millionaires, but lesser-known AI firms may offer more lucrative opportunities in the future.
Read more at Nasdaq: Q3 Earnings Bonanza Pulls a Flat Pre-Market: T, TMO, TSLA, etc.
