Following their greatest week of the year, stocks increased on Monday as expectations that the Federal Reserve would soon cease its tightening continued to grow. Shortly after the opening bell, the tech-heavy Nasdaq Composite, benchmark S&P 500, and Dow Jones Industrial Average all increased by roughly 0.3%.
Blinken embarks on a risky diplomatic journey to the Middle East. Secretary of State Antony Blinken made unexpected trips to Baghdad and the Israeli-occupied West Bank. While there, he talked of increasing aid to Gaza’s civilian population and proposed that the Palestinian Authority play a “central role” in the region if Israel were to overthrow Hamas.
The US president’s chances of winning reelection in 2024 are being hurt by divisions within the Democratic party over the Israel-Hamas conflict and economic worries. According to two polls released on Sunday, Joe Biden is lagging behind Donald Trump. Five of the six most significant battleground states had Biden trailing Trump, according to a New York Times/Siena poll.
With the Federal Reserve chair Jerome Powell and several other Fed members’ speeches scheduled for this week, traders were waiting for more clues about the U.S. central bank’s monetary policy direction. As risk appetite increased on Monday, gold continued to decline.
Elon Musk presents Grok, the chatbot dubbed “rebellious.” A brand-new generative artificial intelligence chatbot has entered the scene, and it wants to know how other chatbots are doing. Elon Musk made his most recent creation public on Sunday morning. He said that Grok, the chatbot created by his artificial intelligence startup xAI, will have a “rebellious streak” and give sarcasm and humor that competitors like ChatGPT don’t.
In a civil fraud trial, Trump is expected to testify today regarding claims that he fabricated a billion-dollar net worth in order to get better bank loans. Even though the former president won’t go to jail, his real estate business can be lost in the trial.
Early in the upcoming year, Whitney Wolfe Herd, the creator and CEO of the dating app Bumble, will leave her position leading the business. In order to establish a secure and empowering online dating environment, Wolfe Herd established Bumble in 2014 and mandates that women initiate contact with potential partners. Lidiane Jones, CEO of Salesforce, will succeed her.
In comparison to a gain of 30,000 in the same period last year and a fall of 294,000 in the second quarter of the year, Dish Network lost roughly 64,000 net pay TV subscribers in the third quarter.
South Korea will reinstate its prohibition on short sales. By outlawing short sales until at least June 2024, the nation hopes to create a more equitable investing environment for both institutional and ordinary investors.
Robovacs can be fixed with a product and a plan developed by two former Google developers. The creators of the Matic claim that it is a totally autonomous robot vacuum that can clean your floors without becoming tangled in cords or toys or uploading a map of your house to the cloud. You’ll only have to pay $1,800 for it.
A source with knowledge of the situation stated on Monday that Tesla intends to construct a 25,000-euro ($26,838) car at its facility near Berlin. This is a long-awaited breakthrough for the electric vehicle maker, which is hoping for widespread adoption of its automobiles.
The Washington Post announced on Saturday that William Lewis, the former CEO of Dow Jones and publisher of The Wall Street Journal, has been named CEO and publisher of The Washington Post.
Following complaints of at least seven illnesses in five states, the U.S. Food and Drug Administration has extended its investigation into excessive levels of lead found in apple sauce packets marketed for children.
On Monday, Dish Network, Hims & Hers Health, NXP Semiconductors, and TripAdvisor are anticipated to report earnings.
US trade imbalance on Tuesday. Expected profits from Rivian, Occidental Petroleum, Lucid, Celsius, Devon Energy, Planet Fitness, and Uber
AMC, Beyond Meat, Biogen, Disney, Lyft, MGM Resorts, Roblox, Take-Two, Under Armour, Warner Bros. Discovery, and Wynn Resorts are expected to report earnings on Wednesday.
Thursday: First claims of unemployment. Expected profits for Yeti, Oatly, Canopy Growth, and Aurora Cannabis
US nonfarm payrolls and the unemployment rate on Friday. Expected earnings from Tyson Foods
Stocks to watch with positive momentum and Buy Rating:
Groupon (GRPN), Chase Bank (JPM), Microsoft (MSFT), GOOGL, Apple (AAPL), Pay Pal (PYPL), Walmart (WMT), Amazon (AMZN), Carnival Corporation (CCL), PepsiCo (PEP), Wells Fargo (WFC), Johnson & Johnson (JNJ), Philip Morris International (PM)SNAP INC (SNAP), Exxon Mobil (XOM), Chevron (CVX), EBAY
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