Pre-market futures are digesting economic and earnings reports, including Retail Sales and PPI figures for September. Retail Sales came in at +0.2%, below expectations, while PPI reached +0.3%, in-line with estimates. ADP Jobs data shows a 3rd straight week of job losses at -13.5K, impacting bond yields and interest rates.
Earnings reports this morning show a mixed bag: Alibaba missed estimates, Best Buy & Abercrombie & Fitch beat expectations, Kohl’s swung to positive earnings, and Dick’s Sporting Goods announced store closures. These reports impact stock prices and market sentiment.
Looking ahead, Case-Shiller Home Prices, Business Inventories, Consumer Confidence, and Pending Home Sales data are expected today. Earnings reports from Dell, Urban Outfitters, and Autodesk are also anticipated. Weak jobs growth may lead to lower interest rates, affecting market trends and investor decisions.
Read more at Nasdaq: Big Morning of Data: Any of It Good?
