Five things you need to know before the market opens on Wednesday November 1:
Editor’s note: This will be the final issue of our long-running ‘Five Things’ column as we transition to the new ‘TheStreet Daily’ newsletter that will keep you updated on all the biggest market stories, trends and breaking news that you will need to know.
We would like to thank our readers for all the support you have shown us over the years, and we hope this column has provided a useful and valuable tool in your investment decisions.
Please look for TheStreet Daily, starting Thursday November 2, for all the stories, news and analysis you’ll need to tackle the trading day.
1. — Stock Market Today: Stocks slide, Treasury yields steady as Fed decision looms
Investors are bracing for a key Fed rate decision, as well as the Treasury’s quarterly refunding statement, with stocks moving lower heading into the start of Wednesday trading.
2. — Fed Preview: Powell to keep rate options open amid resilient economy, surging Treasury yields
Surging Treasury bond yields are doing some of the Fed’s work in taming inflation pressures, but with an economy growth and 4.9%, while still adding hundreds of thousands of jobs every month, inflation pressures remain real.
3. — AMD slides as muted outlook clouds Q3 earnings beat with AI chip launch in focus
AMD said its new data center chips, expected to challenge Nvidia’s AI market dominance, could net more than $2 billion in sales next year.
4. — CVS Health earnings top forecasts on pharmacy, health care benefits strength
CVS stuck to its full-year profit forecasts despite a solid top and bottom line beat in its third quarter earnings report.
5. — Boeing shares higher as Goldman Sachs adds planemaker to ‘conviction buy’ list
Longer-term aircraft demand remains a more powerful driver for Boeing, which has a $58 billion order book, than near-term delivery trends, Goldman analysts argue.
