CAL

Market Performance: The S&P 500 closed down -0.09% while the Nasdaq 100 rose +0.16%, as mixed stock index performance followed a rise in bond yields after the JOLTS report indicated job openings unexpectedly increased to a 5-month high.

Federal Reserve Outlook: The market anticipates a 90% chance of a 25 basis point rate cut by the Federal Reserve at its upcoming meeting, with a focus on the employment cost index and future interest rate projections.

Corporate Earnings: Q3 earnings for S&P 500 companies showed a strong performance, with 83% exceeding forecasts and an overall increase of +14.6%, significantly above the expected +7.2%.

Stock Movements: Notable stock movements included declines for homebuilders like Toll Brothers and AutoZone, while cryptocurrency-related stocks and silver mining companies saw significant gains following positive market trends.

Market Performance: The S&P 500, Dow Jones, and Nasdaq indexes are all experiencing slight gains, driven by an unexpected rise in job openings reported in the October JOLTS report, which indicates a stronger labor market than anticipated.

Federal Reserve Outlook: The market is anticipating a 90% chance of a 25 basis point rate cut by the Federal Reserve during its upcoming meeting, with a focus on the employment cost index and future interest rate projections.

Corporate Earnings: The Q3 earnings season is nearing completion, with 83% of S&P 500 companies exceeding forecasts, resulting in a 14.6% increase in earnings, significantly higher than the expected 7.2%.

Stock Movements: Cryptocurrency-related stocks are rising, while homebuilders like Toll Brothers are declining due to lower delivery forecasts. Notable gainers include Ares Management and CVS Health, while SLM Corp and Caleres are among the significant losers.