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here. | An extremely busy day for earnings is likely to be a key driver as the Dow and S&P 500 seek a rebound and the Nasdaq tries to avoid its first back-to-back losses in about a month. | | Dow Jones Fut | | 23,329.46 | | Current: | 23,336.00 | | Change: | 35.00 | | Impl. Open: | 61.54 | | | S&P 500 Fut | | 2,557.15 | | Current: | 2,561.75 | | Change: | 3.25 | | Impl. Open: | 6.90 | | | NASDAQ 100 Fut | | 6,055.04 | | Current: | 6,073.75 | | Change: | 9.25 | | Impl. Open: | 19.41 | | | Russell 2000 Mini | | 1,493.48 | | Current: | 1,500.10 | | Change: | 2.10 | | Impl. Open: | 7.22 | | | Quotes as of 10/26/2017 8:06:16 AM ET |
U.S. stock futures were higher this morning following a drop for the Dow and S&P 500 on Wednesday. An extremely busy day for earnings is likely to be a key driver as the Dow and S&P seek a rebound and the Nasdaq tries to avoid its first back-to-back losses in about a month. (CNBC)
Two notable economic reports are out today: the Labor Department issues at 8:30 a.m. ET initial jobless claims for the week ending October 21. At 10 a.m. ET, the National Association of Realtors issues its pending home sales report for September. (CNBC)
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Fed Governor Jerome Powell likely will be the next Federal Reserve chairman, predicts a slim majority of economists in a Reuters poll. But most of the respondents said current Fed Chair Janet Yellen would be the best option. Trump actually solicited advice from Fox Business anchor Lou Dobbs during an interview last night on whom he should pick as the next Fed chair. Trump with Dobbs' assessment that Yellen "might be worth keeping" on in the role.
White House economic advisor Gary Cohn reportedly raised the prospect of hiking the federal gasoline tax, reviving the idea after President Trump raised the issue earlier this year. The gas tax is 18.4 cents per gallon and has not changed since 1993. (Politico & CNBC)
The White House plans to ask Congress for a third round of disaster aid in mid-November as the costs continue to pour in for helping rebuild after hurricanes. Budget Director Mick Mulvaney has told lawmakers he wants to see spending cuts elsewhere. (Reuters)
More than half a century after President John F. Kennedy was struck down by an assassin's bullet in Dallas, Texas, the U.S. is due today to release the final files on the investigation into the killing that rattled a nation. (Reuters)
Apple's iPhone 8 posted the weakest sales of any of the company's new smartphones in recent years, according to estimates by two market research firms, raising the stakes for the higher-priced iPhone X as advance orders start tomorrow. (WSJ)
Employee dismissals at Tesla (TSLA) are continuing at its SolarCity subsidiary, according to six former and current employees, and are affecting SolarCity offices across the U.S. It was already in the midst of laying off 205 employees from SolarCity's Roseville, California, office. (CNBC)
Amazon (AMZN) launched a smart security camera that works with its voice assistant Alexa, which will allow deliveries to your home even when you're out. The service is called Amazon Key and the indoor security camera has been named the Amazon Cloud Cam. (CNBC)
Uber board member Arianna Huffington said today she is still "optimistic" that a big investment by SoftBank into the ride-hailing app will happen, and the problems faced by the company will not affect its valuation. (CNBC)
Amgen (AMGN) reported an adjusted quarterly profit of $3.27 per share, 16 cents above estimates. Revenue was very slightly above forecasts, and the company did raise its full-year outlook as it lowers costs and improves operating margins. However, investors are concerned about weaker than expected sales for several key drugs.
Las Vegas Sands (LVS) beat estimates by 9 cents with adjusted quarterly profit of 77 cents per share, while the resort operator's revenue beat estimates as well. The quarter's results were helped by the continuing recovery in the Macau gaming market.
ADP (ADP) is in the spotlight once again today, as proxy advisory firm ISS endorses activist investor Bill Ackman's bid for three seats on the ADP board. The board vote will take place at the payroll processor's annual meeting on November 7.
Citrix Systems (CTXS) came in 18 cents above estimates with adjusted quarterly profit of $1.22 per share, though the enterprise software maker's revenue was slightly shy of forecasts. The company has been battling back against a claim by Morgan Stanley analysts that it is "secularly challenged."
ServiceNow (NOW) beat estimates by 6 cents with adjusted quarterly earnings of 38 cents per share, and the cloud computing software company's revenue was also above consensus. The company is emphasizing a 38 percent increase in subscription billings, on the strength of a num
In one of the greatest Game 2 clashes in World Series history, the Houston Astros outlasted the Los Angeles Dodgers in 11 innings at Dodger Stadium. Eight home runs were hit in the game, including five in extra innings. The series is knotted at 1-1. Game 3 is tomorrow night. (USA Today)
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