Here are five things you want to know for Wednesday, November 3:
U. S. Equity Futures USA They combined on Wednesday, and investors around the world cautiously navigated a series of threat headlines ahead of what could be one of the Federal Reserve’s highest meetings in more than a decade.
With the expansion slowing in China as COVID infections rise and the government moves from an attack on corporate profitability to Array, Asian stocks have lagged behind in global earnings as investors watch the effects of today’s Fed policy assembly in Washington. once investors analyzed the loaded list of corporate profits.
On Wall Street, stocks appear poised for a combined open, with little replacement of the top 3 benchmarks ahead of today’s Fed resolution at 2:00 p. m. Eastern Time and CVS Health (CVS) Premarket Earnings – Get the Company’s CVS Health Report, Marriott (MAR) – Get the Report from Marriott International, Inc. (MAR) and Humana (HUM) – Get the report from Humana Inc. (HUM).
Dow Jones Industrial Average futures show a modest opening decline of 2 issues, while S-linked futures
Federal Reserve officials will reveal the effects of their two-day policy meeting at 2:00 p. m. Eastern Time, with analysts’ main points on how and when the central bank will begin to slow down its monthly bond purchases.
The Fed bought $120 billion in government, corporate, and firm bonds a month as a component of its broader efforts to keep market interest rates low and bring expansion and jobs to life.
However, with inflation at its highest rate in 3 decades and expansion recovering firmly from pandemic lows, some of those purchases (analysts expect a supposed “conicity” of around $15 billion a month) will not only allow for more fluid value discovery. in Treasury markets, but it also marks the first step toward a formal interest rate hike by the end of next year.
However, the timing of this decision would likely also be similar to comments by Fed Chairman Jerome Powell, who has so far insisted that inflationary pressures will ease next year as the supply chain is unlocked and energy costs fall.
Bathroom in bed
Bathroom in bed
The store will also increase its share of buybacks in 2021 from $ 325 million to $ 625 million, with a goal of completing its $ 1 billion program by the end of February, 3 years ahead of its original schedule.
The movements of Bed, Bath
Zillow Group (ZG): Get the Class A report from Zillow Group, Inc. fell in pre-market trading after the home purchase closed its home exchange business and after a larger-than-expected loss in the third quarter.
Zillow said it will end its Zillow Offer business, which buys homes directly through its for short-term resale, in the coming months after it “determined that the unpredictability of home value forecasts far exceeds what we had anticipated. “The resolution follows $304 million of depreciation from its existing stock of about 6,000 sets and will most likely result in a reduction of about 25 percent, the company said.
Additional losses of $240 million to $265 million will be recorded in the existing quarter, as homes purchased earlier this year will close, Zillow said.
Zillow shares were down 16. 5% in pre-market trading on Wednesday to imply an opening bell worth $71. 40 each.
The Atlanta Braves ended a 26-year championship drought by beating the Houston Astros 7-0 last night to win the team’s first World Series since 1995.
In one of the most significant changes in baseball history, the Braves, who weren’t expected to challenge the pennant until at least mid-August, eliminated the Milwaukee Brewers and Los Angeles Dodgers to earn their spot in this year’s World Cup. the strongly favored stars.
However, even though beginner pitcher Charlie Morton suffered a leg injury in the first game, the Braves controlled to dominate the Astros with consistent hits, very good bases running and disciplined defense.
Last night’s win, which included a whopping 446-foot run through Jorge Soler, who didn’t sign up for the team until last July, also ended a streak of 16 straight appearances in a winless post-mar game for the Braves.
“We hit each and every pothole, each and every pothole you can probably hit this year, and the car was controlled to get to the other side,” braves star first baseman Freddie Freeman said. amazing band. “
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