Futures tread water amid earnings deluge; Ford falls
October 29, 2024
Additionally, investors await results from companies such as Pfizer, McDonald’s and D.R. Horton before the bell. The JOLTS data will be scrutinized for signals on the strength of the labor market ahead of Friday’s nonfarm payrolls report, as investors increasingly bet that the Federal Reserve will not cut rates as much as initially thought given the economy’s robust performance. With earnings, geopolitical tensions in the Middle East, the upcoming U.S. elections and a Fed meeting, investors are anticipating a volatile few weeks.
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