The Market Brief
Hey team! Wednesday is a big day for reporting, with some heavyweight companies set to report earnings today.
Let’s recap Tuesday’s session and see what’s next for the markets!
Impact Snapshot
🟧 Beige Book - 2:00pm
Key Earnings: KO 0.00%↑ TSLA 0.00%↑ IBM 0.00%↑ BA 0.00%↑ T 0.00%↑
Macro Viewpoint
Stock futures declined on Wednesday morning following the S&P 500's first consecutive losses since early September.
On Tuesday, U.S. stocks were mostly flat, though the Nasdaq managed a slight gain as investors monitored Treasury yields and anticipated further earnings reports to gauge the state of American companies.
The overall risk-off sentiment emerges as investors reduce their expectations for swift policy easing.
This shift is prompted by indications that the U.S. economy is holding strong, alongside rising concerns about increasing fiscal deficits following the presidential election.
Most Fed officials speaking earlier this week signaled they favor a slower tempo of rate reductions.
