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Earnings and calendar on top. Last trade day of the month
Danny Riley
October 31, 2024
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Our View
It was another down open, sell-off, rally, and then reversal. I could call it a false start, but there’s little reason to expect anything different from the range-bound trading we’ve been seeing. As traders pull back and volume declines, the ES and NQ are increasingly susceptible to drops, especially around news events. Despite strong tech earnings, stocks aren’t getting bid up—they’re being sold.
Premarket Earnings: Companies reporting include Mastercard (MA), Stellantis (STLA), and Uber (UBER).
Aftermarket Earnings: Major reports expected from Amazon (AMZN), Apple (AAPL), and Intel (INTC).