Beat the street: US Treasury yields slip
US Treasury yields extend declines on rising hopes of a dovish pivot by the Fed.
Applied Materials could weigh on trading amid reports it is under investigation. Gap delivers a Q3 results beat. Manchester United in focus on a report the English football club is set to ink a $33/share deal with British billionaire Jim Ratcliffe.
(AI Video Summary)
Stock market performance
Angeline Ong first talks about what's currently happening in the stock market. She mentions that the Federal Reserve might be considering lowering interest rates in the first half of next year, which could have an impact on the US economy. She also mentions that Treasury yields are going down, and the volatility index, which measures how unstable the market is, is at a low level. Overall, the stock market is doing alright with the S&P 500 and Nasdaq showing small increases.
A shorter week ahead
The video also covers some upcoming events, like the earnings reports from companies like NVIDIA and Hewlett Packard. Ong mentions that next week will be a shorter week because of Thanksgiving, with Thursday being a national holiday and Friday having only a half-day of trading. Retail is a big focus right now because of the upcoming Thanksgiving, Black Friday, and Cyber Monday sales. It's expected that there will be a lot of air travel for people going home for Thanksgiving.
Noteworthy company activity
She then talks about specific companies and news. Applied Materials, a company that makes semiconductor equipment, is being investigated for some shipments to China. Alibaba, a big e-commerce company, has seen its stock prices fall after canceling plans to sell one of its units. Gap, the popular clothing store, has reported better-than-expected results for the third quarter, especially at their Old Navy brand. And soccer team Manchester United is in talks with British billionaire Jim Ratcliffe about selling a 25% stake in the team.
Updates on gold
Lastly, Ong mentions that the price of gold has gone up recently because people think the Federal Reserve might not lower interest rates. There's some technical analysis that suggests that if the price of gold reaches a certain level, it could reach its highest point since May.
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