Outlook 10/30: Stock futures slide on Wednesday as traders prepared for a series of reports from major tech companies and digested key economic data. Alphabet kicked off a major week for megacap tech earnings. The Google parent exceeded analysts expectations as the company saw strong quarterly revenue growth from its cloud business. Shares surged more than 5% in extended trading. Chipmaker AMD slid 8% in the premarket, as its fourth-quarter revenue guidance failed to impress investors. Payrolls data on Wednesday pointed to a stronger-than-expected labor market. According to the latest ADP report for October, private-job creation jumped to its highest level in more than a year. Tech titans Meta and Microsoft are set to report on Wednesday, while Apple and Amazon are due Thursday.
ESZ24 (DEC2024): YVAH 5880 YPOC 5868 YVAL 5858 GAP 5882
/ES Plan: Yesterday market closed bullish (PBT 5897), but overnight looks slight bearish, moving within previous value, so these're the opening and initial balance options for today:
