Beat the street: Traders eye CPI; Fed; FOMC projections; Apple; Tesla
Traders brace for a cautious Wall Street open ahead of key inflation data and the Fed. Apple unveils its AI push, so why does Wall Street seem unimpressed?
Plus, Tesla’s Elon Musk threatens to ban Apple devices at his companies over OpenAI partnership.
(AI Video Summary)
Key inflation data and the Fed meeting
In today's edition of "Beat the street", anticipation surrounds the Wall Street open, especially before key inflation data and a Federal Reserve meeting. There's a focus on technical analysis of the Dow Jones, which shows a flat trend potentially due to caution ahead of CPI data. Apple's recent AI expansion and NVIDIA’s potential inclusion in the Dow were discussed, with Wall Street's reaction deemed tepid.
Corporate earnings
The video also touches on the implications of the Fed potentially adjusting interest rates, based on cues from the CME Fed Watch Tool. Further, the discussion covers how upcoming corporate earnings like Oracle and Tesla and regulatory challenges for companies like Uber might influence stock actions and trading strategies on platforms like IG.
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