Nasdaq Extends Decline, Down 1%, S&P 500 Down 0.35%
- Futures drop as Middle East tensions simmer, Netflix slumps
- Netflix Q1 earnings top estimates on blowout subscriber growth
- Stocks off two-month low as fear of Middle East escalation eases
- Gold prices rally past $2,400 on reports of Israel strikes on Iran
- Oil slips despite reported Israeli attack on Iran
- Tritium DCFC Limited (DCFC): Three Australian subsidiaries were determined to be insolvent or likely to become insolvent
- Hasbro (HAS) Announces Resignation of Cynthia Williams, President of Wizards of the Coast and Hasbro Gaming
- Frontier Communications (FYBR) says third party had gained unauthorized access to portions of its information technology environment
- Ibotta (IBTA) Prices 6.56M Share IPO at $88/sh
- Netflix (NFLX) Tops Q1 EPS by 77c, Offers Guidance
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
- After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
- Midday movers: Travelers, JB Hunt fall; United Airlines rises
- After-hours movers: United Airlines, J.B. Hunt, and more
Morgan Stanley Expects Companies to Struggle Beating EPS Estimates at the Same Rate, Says Supply Chain Constraints Not Priced In
October 4, 2021 9:45 AM EDTMorgan Stanley strategist Michael Wilson expects indexes to continue correcting amid the persisting supply chain challenges.
Wilson weighs in on the current market environment as the mid-cycle transition finishes.
This is how most mid cycle transitions endwith the Fire of tightening financial conditions. The only question that remains is how deep the index level correction will be before it is finished.3Q earnings season will likely determine how icy the deceleration in growth gets before things stabilize, the strategist said in a client... More