US stock futures point to a spooky open
Happy Halloween.Unless you're long stocks, particularly tech stocks that reported yesterday. Shares of Meta are down 1.5% and Microsoft nearly 4% after reporting late yesterday.The market is also rattled by Super Micro, which is down another 5% yesterday after its auditor quit yesterday. It's a big customer for Nvidia, which is down 1.2% pre-market and fading back from the marginal record highs.I expect there is also some election angst in the market and today's economic data highlighted a Federal Reserve path that includes fewer cuts. Pricing is now at 3.66% for next December, about 75 bps above where it was at the lows. This article was written by Adam Button at www.forexlive.com.
Happy Halloween.
Unless you're long stocks, particularly tech stocks that reported yesterday. Shares of Meta are down 1.5% and Microsoft nearly 4% after reporting late yesterday.
The market is also rattled by Super Micro, which is down another 5% yesterday after its auditor quit yesterday. It's a big customer for Nvidia, which is down 1.2% pre-market and fading back from the marginal record highs.
I expect there is also some election angst in the market and today's economic data highlighted a Federal Reserve path that includes fewer cuts. Pricing is now at 3.66% for next December, about 75 bps above where it was at the lows. This article was written by Adam Button at www.forexlive.com.
