Dow Futures Rise as Disney Earnings Impress

Wall Street is looking to extend a slew of impressive win streaks today

Deputy Editor
Nov 9, 2023 at 9:10 AM
facebook X logo linkedin


Dow Jones Industrial Average (DJIA) futures are up a solid 103 points ahead of the open, with help from Walt Disney's (DIS) post-earnings pop. Futures on the S&P 500 (SPX) and Nasdaq Composite (IXIC) are also inching higher, as both indexes look to extend their longest win streaks in roughly two years. Elsewhere, jobless claims came in at a lower-than-expected 217,000, while bond yields are on the rise ahead of another speech from Fed Chair Jerome Powell this afternoon at the International Monetary Fund.

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

  • PODCAST: all about this booming 0DTE volume
  • One under-the-radar earnings report to monitor. 
  • Plus, SPCE soars after earnings; GIS' new acquisition; and analysts eye TGT.

Futures Nov9

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw over 1 million call contracts and more than 1.2 million puts traded Wednesday. The single-session equity put/call ratio rose to 1.18 and the 21-day moving average rose to 0.89.
  2. Virgin Galactic Holdings Inc (NYSE:SPCE) is looking to rebound from yesterday's 10.6% drop. The shares are up 10.3% premarket, after the space travel company's upbeat third-quarter report, and news that it is cutting 18% of its workforce. Since the start of the year, SPCE is down 55.2%. 
  3. General Mills Inc (NYSE:GIS) is acquiring Fera Pets Inc as part of its new growth equity fund, moving the food company into to the pet supplement market. GIS is trading flat this morning, down 22.1% year to date. 
  4. Target Corporation (NYSE:TGT) is up 0.5% in electronic trading, after Evercore ISI added the retail stock to its tactical outperform list while Oppenheimer cut its price target to $150 from $165. These moves come before the retailer's earnings report next week. TGT is down 26.3% in 2023. 
  5. See what economic data is scheduled this week.  

buzznov9

Asian Markets Mixed After Economic Data

Stocks in Asia were all over the place Thursday, after China’s consumer prices fell 0.2% for October in comparison to last year – a bigger fall than economists priced in – and producer prices shrunk less than expected. In response, the country’s Shanghai Composite inched just above breakeven, while Hong Kong’s Hang Seng fell 0.3%. Elsewhere, Japan’s Nikkei jumped 1.5%, and South Korea’s Kospi added 0.2%.

Corporate earnings continue to boost European markets. The French CAC 40 is leading the gainers, last seen up 0.8%, while Germany’s DAX and London’s FTSE 100 were both 0.5% higher at last glance.

 

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*