Forex Analysis & Reviews: 25.10.2023 - US premarket on October 25:...

25.10.2023 02:14 PM

US premarket on October 25: US stock market momentum stalls

US stock futures opened lower following several failed attempts to break beyond the previous day's highs. The S&P 500 futures dropped by 0.2%, while the tech-heavy NASDAQ declined by 0.3%. The yield on 10-year Treasury bonds increased by four basis points, with the dollar strengthening against riskier assets. Rising bond yields continue to dampen risk appetite, as investors expect central banks to maintain tight interest rate policies.

Market pressure resumed after mixed quarterly earnings reports from Microsoft Corp. and Google's parent company, Alphabet Inc. These reports set the stage for potential challenges for similar firms announcing earnings this week.

Alphabet's shares dipped 7% in premarket trading due to lower-than-expected profits from its cloud division. Meanwhile, Microsoft's stock rose after its cloud business results surpassed expectations. Additionally, Texas Instruments Inc. shares plummeted following a bleak revenue forecast, suggesting soft demand for a broad range of electronic components.

Earnings season is in full swing, and investors are keen to see how companies are handling high interest rates and any resulting shifts in consumer spending. Today, an earnings report from Meta Platforms Inc., the parent company of Instagram and Facebook, is anticipated. Amazon.com Inc. will report on Thursday.

European indices also edged lower, as earnings from some of the region's top consumer and financial firms amplified concerns about a global economic downturn impacting corporate profits. Shares of Kering SA, owner of Gucci, fell due to declining sales amidst a broader luxury goods sector slump. Home goods producer Reckitt Benckiser Group Plc's shares also dropped when sales fell short of expectations. Worldline SA shares plunged over 50% – their most significant drop ever – after the French payment company downgraded its yearly outlook.

Meanwhile, Deutsche Bank AG shares surged 7.5%. The bank plans to accelerate shareholder payouts, citing higher revenues and deposit inflows offsetting weaker trading results in the third quarter.

Asian indices climbed after the Chinese government boosted its economic support, with the Hang Seng Tech Index adding 2.2%.

Brent traded flat after yesterday's dip, while West Texas Intermediate (WTI) slipped to $83. On Tuesday, the White House announced that the US and Saudi Arabia agreed to continue diplomatic efforts, easing concerns of significant disruptions in the oil market.

As for the S&P500 index, demand for the trading instrument has rebounded. Bulls should defend $4,229 and push the price to $4,268. This would counter the current downtrend and pave the way for a potential rally toward $4,304. Securing the $4332 level is also a key target for the bulls, strengthening their stance. If the index trends downward amidst dwindling risk appetite, bulls will have to protect $4,229. Breaking through this level, the index may tumble to $4,203 and $4,175.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Stock Markets

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

在邊緣遊戲：市場能否再度忽視地緣政治？

5月17日股市：S&P 500和NASDAQ

6月17日美國股市最新情況

市場前線：通脹、飛彈及企業報告：何者將率先拖累股市？

美國市場在以色列與伊朗戰爭中的情況

5月16日股市：S&P 500和NASDAQ收低

5月13日股市：S&P 500和NASDAQ

美國市場：以色列攻擊伊朗核設施，市場下跌，石油和黃金上漲

6月12日股市：標普500和納斯達克小幅下跌

金融平台還是跳板？市場增長停滯背後的原因是什麼？