First Look
Futures are pointed lower Wednesday morning as doubts rise over a dovish pivot in monetary policy after Fed officials suggested a high bar for slowing the pace of rate hikes. The ISM non-manufacturing index is expected to slow to a reading of 56% in September from 56.9% in July. Twitter (TWTR) is slightly lower in pre-market trading after surging yesterday on news Elon Musk will acquire the company at the original price. Meanwhile, Helen of Troy (HELE) is down 13.24% despite topping earnings estimates as full-year 2023 earnings and revenue guidance fell below consensus. The S&P is down -0.85%, the Nasdaq is down -0.86%, the Dow Jones is down -0.87%.
Today's Sentiment
NeutralQuote of the Day
Our history is not our destiny.
Alan Cohen
Daily Action Trade
Stocks on the Move
Higher
Lower
Upgrades & Downgrades
Upgrades
Downgrades
Losers
International Markets
Stocks in Asia are mixed. The Hang Seng is up 5.9%, the Mumbai Sensex is up 2.25%, the Australia ASX All Ordinaries is up 1.82% the Nikkei 225 is up 0.48% and the Shanghai SE Composite Index is down -0.55%. Stocks in Europe are down. The FTSE 100 is down -0.9%, the DAX is down -0.86%, the Euro Stoxx 50 is down -0.85% and the CAC 40 is down -0.66%.
Futures & Currencies
Energy futures are mixed today. The price for West Texas Intermediate crude oil is down -0.05 at 86.47 per barrel. Brent crude is up 0.03 at 91.83 per barrel. Natural Gas is down -0.09 at 6.74. Precious metals are down this morning. Gold is down -21 at 1705.13 per ounce. Platinum is down -16.82 at 917.93 while silver is down -0.75 at 20.35. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen and up against the Pound. Bitcoin is up 0.44% to $20,025.84 while Ethereum is down -1.09% to $1,335.42.
Put/Call Ratio
Yesterday, 1,144,008 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 733,697 put contracts. The single-session put/call ratio was 0.64.
Today's Economic Calendar
No. | What's Happening? | Period | Release Time |
---|---|---|---|
1 | ADP Employment Change | Sep | 08:15 ET |
2 | ISM Non-Manufacturing Index | Sep | 10:00 ET |
3 | EIA Crude Oil Inventories | 10/01 | 10:30 ET |