The Facebook parent’s shares fell in off-hours trading after the company posted its second revenue decline in a row as it wrestles with a vortex of challenging business conditions. Barron’s live coverage of financial markets, from stocks and bonds to oil and crypto. Wall Street added to https://www.dukascopy.com/swiss/english/forex/trading/ gains from last week, when optimism on the prospect of slower rate hikes from the Federal Reserve sent bond yields lower. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

“We would look for a stabilization of SI’s deposit base, or an increase in overall crypto activity levels and volatility, as this would reduce uncertainty around the balance sheet size.” The tech-heavy Nasdaq, weighed down by disappointing tech earnings, was down 1.6%. “What we’ve seen is a perceived dovish pivot out of Canada,” said Keith Lerner, chief market strategist and co-chief investment officer at Truist. “The way the market is thinking about this is they’re starting to see the end of Walgreens Boots Alliance Incorporated stock the tightening cycle…The market is thinking there’s an end game in sight.” “75 seemed to be in the books since Canada’s CPI printed at 6.8% for September last week, but it seems they’re more concerned about slowing growth,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. Wolfe Research sees short-term catalysts including the shift in U.K. Leadership and fears of missing out on an upward rally that previously pushed up the Nasdaq 100 as having run their course.

Bitcoin Trades Above $20,000 For First Time In 2 Weeks As Treasury Yields Pull Back

Shares of Microsoft declined 6.7% after the tech giant reported weaker-than-expected cloud revenuein its most recent quarter, and issued quarterly revenue guidance that fell short of expectations. Goldman Sachs downgraded Silvergate Bank on Wednesday to neutral from buy, after the company reported quarterly earnings that showed a drop-off in customer deposits. The crypto bank’s shares fell WBA stock price today about 2% in early morning trading. Meanwhile, Microsoft declined 7.7% afterthe tech giant reported weaker-than-expected cloud revenuein its latest quarterly results, despite beating earnings and revenue estimates. The company also issued current-quarter revenue guidance that fell short of expectations. There’s another factor at play, too, and one that’s a little more counterintuitive.

The Fed has raised rates by three-quarters of a percentage point at each of its last three meetings in its battle against inflation, and the central bank is widely expected to do so again at its next meeting on Wednesday, Nov. 2. “We see an opportunity for GM to remain ‘in the game’ for while slowing its roll on investment at a time when the prices of most EVs are well out of reach for GM’s core consumer audience,” analyst Adam Jonas wrote in a note Tuesday. “GM’s ability to ‘elongate’ the useful life of its increasingly scarce and highly profitable Forex news assets will play a key role in supporting GM share price and profitability medium term.” Economic data signaling to observers that the Fed could slow interest rate hikes is also cooling the U.S. dollar’s foreign exchange power, according to Quincy Krosby, chief global strategist for LPL Financial. But if the worst of the fallout from inflation and rate hikes is truly over by the second half of next year, then it makes sense for Wall Street to bet on that now. The famous saying about Wall Street is that markets are forward looking.

Meta Platforms dived to longtime lows late after Microsoft and Google sell-offs hit the Nasdaq.

Mortgage Applications Drop After Rates Top 7%, The Highest Since 2001

Home prices in August fell 1.6%, the biggest monthly drop since August, as reported by Case-Shiller. Google parent Alphabet saw revenues grow 6% to $69.1 billion but the tally fell short of Wall Street estimates. https://dotbig.com/markets/stocks/WBA/ Adam Parker, Trivariate CEO, joins ‘Squawk on the Street’ to discuss small cap market numbers, investment opportunities in cyclicals, and anticipation for central bank policy around the world.

• U.S. West Texas Intermediate crude futures for December delivery rose 11 cents to $84.69 per barrel, after a previous decline of 0.6%.
• ‘ big third-quarter earnings beat has prompted Morgan Stanley to hike its price target on the stock to $32 from $30.
• The company said the performance stemmed from improvements in its ability to manage supply and services amid volatility.
• Boeing also posted revenue of $15.96 billion, well below a Refinitiv forecast of $17.76 billion.
• So even though consumers and businesses may feel lousy every time they buy something and see how much it costs…they are still spending.
• Meanwhile, the price a gallon of diesel fell for the second straight day to $5.322, a drop from Monday’s $5.326.

Shares of Netflix jumped 13% on Oct. 19 after a surprisingly strong quarterly report. The stock has continued to rise and is now up another 11% since that day at roughly $303 per share. The Dow remained positive as the markets entered the second half of trading, continuing to be helped by Visa and other stocks performing better than expected. Rollins posted earnings of 22 cents per share, compared to FactSet estimates of 21 cents per share. Against analysts’ $714.9 million estimate, according to FactSet. Eventually joined by real estate (Tuesday’s big winner and market leader as rates fell), lower by 0.2%, and utilities , off 0.1%.

Stock Pickers Are Still Positioned For A Fed ‘soft Landing,’ Mutual Fund Holdings Show

LKQ Corp. said Thursday that it raised its quarterly dividend by 10.0%, and boosted its stock repurchase program by $1 billion. The auto parts company’s new dividend of 27.5 cents a share, up from 25.0 cents a share will be payable Dec. 1 to shareholders of record on Nov. 17. Based on Wednesday’s stock closing price of $53.43, the new annual dividend rate implies a dividend yield of 2.06%, which compares with the implied yield for the S&P 500 of 1.73%. And with the $1 billion https://dotbig.com/markets/stocks/WBA/ increase to the share repurchase program, which represents 6.8% of market capitalization of $14.66 billion, the program authorization was raised to $3.5 billion. Separately, the company reported third-quarter adjusted profit that fell 4.9% but topped expectations, while revenue declined 5.9% to miss forecasts, and trimmed its full-year outlook. The stock, which was still inactive in premarket trading, has eased 0.5% over the past three months while the S&P 500 has lost 4.8%.

Ipostartups, Grey Market, Drhp, Listings

Futures traded near flat, turning slightly positive at points, as markets took a hit coming off the first round of Big Tech earnings. As corporate earnings season continued, Walgreens Boots Alliance Incorporated stock price today companies reporting continued to impact stock performance. The Detroit automaker’s adjusted earnings per share was $2.25, compared to Refinitiv’s estimate of $1.88.

Even in the Nasdaq 100, a much more tech-centric index, advancers and decliners are roughly even. High inflation in the US isn’t going away anytime soon, warns Prash… It was a third-straight day of gains in what’s turning out to be a very bullish October. It is the latest sign https://dotbig.com/ that the $44 billion deal for the social-media company is on track to close by the end of the week. The bank said it would cut thousands of jobs and raise $4 billion in fresh capital as it funds a retreat from Wall Street and attempts to recover from a near-existential crisis.

The Wall Street Journal

“Parks growth and fading streaming losses should help double adj. EPS from FY22 to FY25, supporting equity outperformance.” In other earnings news, Harley-Davidson shares rose 12.6% after the motorcycle manufacturer reported beating expectations before the bell. Boeing lost about 8.8% after the jet maker reported a quarterly loss and missed revenue expectations. He said the first of the big tech reports had a particular impact as it is an industry that many investors are exposed to. Shares of Google-parent Alphabet dropped 9.1% after the tech giant missed expectations on the top and bottom lines. Alphabet also reported a decline in YouTube ad revenue, which spurred investors to deliberate the outlook for other tech companies that rely on ad spending.