The Market Brief
Hey team. U.S. stock futures signaled gains at the Wall Street open as investors moved past a recent rise in borrowing costs that had dampened market sentiment earlier in the week.
Let’s re-cap Thursday’s session and see what’s next!
Impact Snapshot
🟥 Consumer Sentiment - 10:00am
Macro Viewpoint
U.S. stock index futures ticked up on Friday, supported by a drop in Treasury yields that provided some relief to equities.
The indexes are set to end a six-week winning streak as stocks face pressure from a rapid increase in interest rates, driven by investors’ optimism about a stronger economic outlook. This outlook has tempered expectations for future interest rate cuts by the Federal Reserve.
Investor sentiment was further dampened this week by mixed earnings across various sectors and lingering uncertainty around the upcoming U.S. presidential election.
The upcoming week, starting October 28, could be pivotal for Wall Street, featuring earnings reports from tech giants like Alphabet, Apple, and Microsoft, along with critical nonfarm payroll data.
