Outlook 10/11: Stock futures are flat after inflation reading. The producer price index shows a 0% below expectation of 0.1% from economists. Fed funds futures trading suggests a roughly 87% likelihood that the Federal Reserve will dial back interest rates by a quarter point in November. However, central bank policymakers will keep a close eye on additional data, which will shape their course on rates. JPMorgan Chase shares gained after the bank topped profit and revenue expectations for the third quarter. The bank reported $4.37 earnings per share for the quarter, well ahead of the consensus $4.01 estimated. JPMorgan was up about 2% in premarket trading. Wells Fargo’s results however fell short. The bank reported $20.37 billion in revenue for the third quarter, just below the $20.42 billion estimated. Wells Fargo shares were higher nonetheless, up 3%.
ESZ24 (DEC2024): YVAH 5833 YPOC 5830 YVAL 5820 GAP 5828
/ES Plan: Yesterday market closed balanced, and overnight, after PPI data, continues on that way moving within previous value, so these're the opening and initial balance options for today:
