Amid the delay caused by the impending government shutdown, the Bureau of Labor Statistics is scheduled to release the September Consumer Price Index (CPI) report today.
Meanwhile, trade relations with America's closest ally cratered, with President Donald Trump stating on social media, "ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," over a dispute involving an anti-tariff advertisement by Canada.
The 10-year Treasury bond yielded 4.01% and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing a 98.9% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
Futures
Change (+/-)
Dow Jones
0.04%
S&P 500
0.23%
Nasdaq 100
0.41%
Russell 2000
0.27%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.32% at $673.89, while the QQQ advanced 0.53% to $613.81, according to Benzinga Pro data.
Stocks In Focus
Intel
Intel Corp. (NASDAQ:INTC) jumped 8.44% in premarket on Friday after reporting stronger-than-expected financial results for the third quarter. Its revenue of $13.65 billion beat analyst estimates of $13.14 billion and earnings of 23 cents per share beat estimates of one cent per share.
INTC maintained a stronger price trend over the short, medium, and long terms, with a poor growth ranking, as per Benzinga’s Edge Stock Rankings. Additional performance details are available here.
Ford Motor
Ford Motor Co. (NYSE:F) rose 2.51% after reporting better-than-expected financial results with a quarterly earnings of 45 cents per share, which beat the analyst estimate of 36 cents and revenue of ...
