The market sentiment remained cautious ahead of the post-shutdown economic data and Nvidia Corp.'s (NASDAQ:NVDA) highly anticipated earnings report on Wednesday.
Meanwhile, the 10-year Treasury bond yielded 4.10% and the two-year bond was at 3.57%. The CME Group's FedWatch tool’s projections show markets pricing a 46.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.
Futures
Change (+/-)
Dow Jones
-0.23%
S&P 500
-0.15%
Nasdaq 100
-0.15%
Russell 2000
-0.29%
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, were lower in premarket on Tuesday. The SPY was down 0.19% at $664.42, while the QQQ declined 0.24% to $602.23, according to Benzinga Pro data.
Stocks In Focus
Axalta Coating Systems
Axalta Coating Systems Ltd. (NYSE:AXTA) jumped 10.68% after inking a deal with Akzo Nobel N.V. to combine in an all-stock merger of equals.
Benzinga’s Edge Stock Rankings indicate that AXTA maintains a stronger price trend over the short and medium terms but a weak trend in the long term, with a moderate quality ranking. Additional performance details are available here.
Molina Healthcare
Molina Healthcare Inc. (NYSE:MOH) gained 3.05% after announcing a proposed offering of $750 million of Senior Notes due 2031 and Michael Burry reiterating his long stance on the copy.
MOH maintained a weaker price trend over the short and medium terms, but a strong trend in the long term, with a strong value ranking. ...
