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Eventos económicos

Ventas retail
Precios de los importadores
Inventarios de negocios
Sentimiento del consumidor
Expectativas de inflación

FRIDAY, OCT. 14
8:30 am Retail sales Sept. 0.3% 0.3%
8:30 am Retail sales ex-motor vehicles Sept. 0.0% -0.3%
8:30 am Import price index Sept. -1.1% -1.0%
10 am UMich consumer sentiment index (early) Oct. 59.0 58.6
10 am UMich 5-year inflation expectations (early) Oct. -- 2.7%
10 am Business inventories Aug. 0.9% 0.9%
10 am Kansas City Fed President Esther George speaks on the outlook
10:30 am Fed Gov. Lisa Cook speaks on the outlook

CHG %CHG
Crude Oil Futures 89.24 0.13 0.15
Brent Crude Futures 94.68 0.11 0.12
Gold Futures 1674.00 -3.00 -0.18
Silver Futures 18.970 0.052 0.27
DJIA Futures 30231 970 3.31
S&P 500 Futures 3700.50 18.75 0

Euro (EUR/USD) 0.9790 0.0011 0.11
Japanese Yen (USD/JPY) 147.32 0.10 0.06
U.K. Pound (GBP/USD) 1.1330 -0.0001 -0.01
Swiss Franc (USD/CHF) 0.9994 -0.0017 -0.17
Chinese Yuan (USD/CNY) 7.1747 0.0041 0.06
U.S. Dollar Index 112.33 -0.03

YIELD CHG
U.S. 10 Year 3.931 -0.014
Germany 10 Year 2.283 -0.029
U.K. 10 Year 4.192 -0.226
Japan 10 Year 0.250 -0.001
Australia 10 Year 4.003 -0.008
China 10 Year 2.733

LAST CHG %CHG
Crude Oil Futures 87.54 -1.57 -1.76
Brent Crude Futures 93.11 -1.46 -1.54
Gold Futures 1664.30 -12.70 -0.76
Silver Futures 18.705 -0.213 -1.13
DJIA Futures 30289 198 0.66
S&P 500 Futures 3707.25

LAST CHG %CHG
DJIA 29810.63 -228.09 -0.76
S&P 500 3611.51 -58.40 -1.59
Nasdaq Composite 10429.17 -219.98 -2.07
Japan: Nikkei 225 27090.76 853.34 3.25
UK: FTSE 100 6872.56 22.29 0.33
Crude Oil Futures 86.63 -2.48 -2.78
Gold Futures 1652.30 -24.70 -1.47
Yen 148.47 1.25 0.85
Euro 0.9736

Stocks give up early gain and slide on Friday as market volatility continues
Carmen Reinicke
Tanaya Macheel
We expect a recession in Q1 2023, says Citi's Kristen BitterlyWATCH NOW
VIDEO05:02
We expect a recession in Q1 2023, says Citi’s Kristen Bitterly
Stocks slumped Friday, giving up gains from earlier in the session a day after posting a historic turnaround rally as investors digested inflation expectations.

The Dow Jones Industrial Average fell 218 points, or 0.73%. The S&P 500 shed 1.60%, and the Nasdaq Composite slipped 2.08%.

Stocks fell to session lows after a consumer survey from the University of Michigan showed inflation expectations were increasing, sentiment that the Federal Reserve is likely watching closely.

Earlier in the session, bank stocks gained, leading the broader market, after four key earnings reports. Wells Fargo gained more than 2% after beating Wall Street’s revenue expectations. JPMorgan jumped more than 1%, and Citigroup rose more than 2%.

The positive moves come amid a negative outlook for the earnings season. Profit for S&P 500 companies increased a measly 2.4% in the third quarter, according to the latest analyst estimates collected by FactSet. That’s the worst growth since the third quarter of 2020, the heart of the pandemic.

When the third quarter began, earnings growth was expected to be 10% for the period, but rising costs and interest rates have eaten away at companies’ bottom lines. Leading up to the start of this reporting season, 65 S&P companies have issued negative guidance, compared to just 41 giving positive outlooks, FactSet data shows.

The reports come a day after the market staged a massive comeback. The Dow ended Thursday’s session up 827 points after being down more than 500 points at the intraday low. The S&P 500 rose 2.6% to break a six-day losing streak, and the Nasdaq Composite jumped 2.2%.

Thursday marked the fifth largest intraday reversal from a low in the history of the S&P 500, and it was the fourth largest for the Nasdaq, according to SentimenTrader.

The moves followed the release of the consumer price index, a key U.S. inflation reading that came in hotter than expected for the month of September. Initially, this weighed on markets as investors braced themselves for the Federal Reserve to continue with its aggressive rate-hiking plan. Later, however, they shrugged off those worries.

Still, persistent inflation remains a problem for the Fed and for investors’ worries around the central bank’s policy tightening.

“With core CPI still moving in the wrong direction and the labor market strong, the conditions are not in place for a Fed policy pivot, which would be one of the conditions for a sustained rally in the equity market,” wrote UBS global wealth management chief investment officer Mark Haefele in a Friday note. “Moreover, as inflation remains elevated for longer and the Fed hikes further, the risk increases that the cumulative effect of policy tightening pushes the US economy into recession, undermining the outlook for corporate earnings.”

15 MIN AGO
Stocks on pace for negative week

Despite Thursday’s historic rebound, stocks are still on pace to close in negative territory this week.

Losses on Friday pushed all three major indices towards negative weekly closes. Nearing midday, the Nasdaq Composite is on pace to close down 1.64%.

The Dow and the S&P 500 are also on pace for a negative week. The Dow is on pace to close nearly 2% lower, and the S&P is on track for a 0.50% lower close.

—Carmen Reinicke


47 MIN AGO
Delta leads airlines higher after analyst upgrade

Airlines outperformed Friday and led the transportation sector in the S&P 500 after Delta Air Lines received a big upgrade earlier in the morning.

Cowen upgraded shares of Delta to outperform from market perform, citing increased business travel as a reason the stock will boom going forward. The firm also said that shares can surge another 80% from where they currently trade. Shares of the airline jumped more than 3% on the news.

Other airlines followed Delta higher. American Airlines, United Airlines and Southwest all gained more than 1%.

LAST CHG %CHG
DJIA 29634.83 -403.89 -1.34
S&P 500 3583.07 -86.84 -2.37
Nasdaq Composite 10321.39 -327.76 -3.08
Japan: Nikkei 225 27090.76 853.34 3.25
UK: FTSE 100 6858.79 8.52 0.12
Crude Oil Futures 85.79 -3.32 -3.73
Gold Futures 1648.80 -28.20 -1.68
Yen 148.57 1.34 0.91
Euro 0.9728