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.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only
