Dow, Nasdaq Futures Eyeing Triple-Digit Drop

Israel formally declared war on Palestine

Digital Content Manager
Oct 9, 2023 at 9:13 AM
facebook X logo linkedin

Futures on the Dow Jones Industrial Average (DJIA), Nasdaq-100 Index (NDX), and S&P 500 Index (SPX) are all firmly lower this morning, after Israel formally declared war on Palestine over the weekend on the heels of a Hamas-led invasion and Israeli response that left more than 1,000 dead overall. Oil prices are on the rise, while the bond market is closed in observance of Columbus Day.

Continue reading for more on today's market, including: 

  • Recapping October's data-heavy start.
  • Keep tabs on these 2 sectors this month.
  • Plus, Nelson Peltz's fund hikes Disney stake; and 2 stocks seeing analyst notes.

Futures 1009

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw over 1.3 million call contracts and 897,835 put traded exchanged on Friday. The single-session equity put/call ratio fell to 0.68 and the 21-day moving average stayed at 0.67.
  2. Walt Disney Co (NYSE:DIS) stock is up 1.4% in premarket trading, following news that Trian Fund Management, which is owned by activist investor Nelson Peltz, lifted its stake in the entertainment name to $2.5 billion and could seek several board seats. DIS is down 17.1% in the last 12 months.
  3. Evercore ISI upgraded Oracle Corp (NYSE:ORCL) stock to "outperform" from "in line" this morning, noting how its recent pullback has created an attractive entry point. ORCL is up 0.7% before the open, and sports a 34.5% lead for 2023.
  4. The shares of Spotify Technology SA (NYSE:SPOT) are down 2.2% before the bell, after the music streaming name attracted a downgrade from Redburn Atlantic to "neutral" from "buy," with the analyst in coverage citing gross margin dilution. SPOT still boasts a 103.3% lead for the year.
  5. There is no economic data in observance of Columbus Day

OV Buzz Chart Oct 9

European Markets Mixed Amid Israeli-Palestinian Conflict

China’s Shanghai Composite fell 0.4% in the first trading session following the Golden Week holiday, while the South Korean Kospi and Japan’s Nikkei were closed for holiday for holiday on Monday. Trading on the Hong Kong Hang Seng was canceled for the morning amid a typhoon warning, but the index ended up adding 0.2% for the day.

In Europe, all eyes are on the Israeli-Palestinian conflict, which broke out in extreme violence over the weekend. London’s FTSE 100 is up 0.1% at last glance, while the French CAC 40 and German DAX fall 0.6% and 0.8%, respectively.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI