Corgi LITE 2x Daily ETF
LITC----
The Fed held off on a rate hike. Today's GDP and inflation reports could make waiting harder.
MarketWatch·- The Federal Reserve held off on an interest-rate hike while awaiting upcoming GDP and inflation reports. - Strong economic growth and persistent price pressures could strengthen the case for a rate increase in December. - Meanwhile, Wall Street monitored Big Tech earnings, where strong cloud growth driven by AI was tempered by high spending concerns.Marvell Stock Tumbles Amid Lumentum Bid Talks
benzinga_article·【US Pre-Market】Google, Marvell Both Fall Over 11%, Lumentum Rises Over 6%; Amazon, Intel to Report Earnings After the Close
TradingKey·- During October 29 pre-market trading, U.S. stock index futures weakened as major tech stocks like Alphabet and Marvell dropped over 11% amid earnings and investment concerns. - Key economic data releases including U.S. Q3 GDP and September PCE inflation, alongside upcoming earnings from Amazon and Intel, drove investor caution. - Commodity prices saw Brent crude trading at $109.7 per barrel, gold at $4,029 per ounce, and Bitcoin fluctuating around $80,174.10 Information Technology Stocks Whale Activity In Today’s Session
benzinga_article·- Benzinga's options scanner tracked significant trading activity for ten information technology stocks during the latest session. - The reported whale transactions included a mix of bullish and bearish sentiment across various call and put options with distinct expiration dates and strike prices. - Notable activities featured trades and sweeps in major tickers such as MU, ORCL, CRWV, ZETA, CRWD, LITE, NOW, NBIS, AVGO, and SNDK.Big Tech's earnings are on deck. There's more for investors to watch than AI spending.
MarketWatch·- Major tech companies like Microsoft, Alphabet, and Amazon are preparing to report quarterly results while workforce cuts raise questions about AI's impact on employment. - Microsoft offered voluntary buyouts to about 25 % of its global workforce, representing roughly 60,000 eligible employees. - Upcoming corporate earnings reports may provide further insights into how top-tier tech firms are reassessing hiring and productivity amidst heavy investments in artificial intelligence.