Cerebras, Cisco and Applied Materials: 8 Key Items Shaping the Stock Market Friday

Résumé détaillé

These are the early headlines and other items poised to influence the market at the start of the trading day. As we share this collection of market drivers, U.S. equity futures…

1. The UN nuclear watchdog is “increasingly concerned” about a uranium-enrichment plant at Isfahan that Iran declared to it last year but has still not let the watchdog inspect, it said in a confidential report on Iran on Friday seen by Reuters. Iran has not let International Atomic Energy Agency inspectors return to any of its nuclear facilities bombed by Israel and the United States in a 12-day campaign in June last year that destroyed or badly damaged Iran’s other uranium enrichment plants, the heart ⁠of its nuclear programme. (Reuters)

While we have another day of Nvidia (NVDA) related headlines and more questions over the soft line taken by Commerce Secretary Howard Lutnick with Nvidia chips and China, we’re sharing the above given its potential to influence what could happen next between the U.S. and Iran.

2. The disappointing October CPI immediately spurred Wall Street to pencil in another Fed interest-rate increase at the bank’s next meeting in December. Investors now see a 100% chance of a Fed rate hike, with some even betting on an aggressive half-point move. Yet it wasn’t the big rise in consumer prices by itself that was cause for worry. Rather, it was evidence the tentacles of inflation had spread beyond energy and deeper into the economy. The cost of virtually all goods and services rose last month. (MarketWatch)

At 8:30 a.m. ET, the October PPI report will be released, and the market expectation is for a much cooler month-over-month print for headline PPI as well as the core figure. However, when one looks at the year-over-year expectations, headline PPI is expected to step up to 6.6% from 6.3% in September, while the consensus view is the core figure remains unchanged at 5.0% in October.

While the Price components in ISM’s October PMI dipped month over month, the last few weeks we’ve heard quite a bit about companies inching up prices or sharing plans to do so as they look to offset higher input cost pressures.

Given the timing of the Fed’s next policy…

Début de l'article, extrait de TheStreet. Pour lire la suite, ouvrez l'article chez le média.