6S&P futures rise amid inflation easing in September, with bank earnings season starting.500
6S&P futures rose as inflation indicators in September came in weaker than expected. The volatility increased during the day with the start of quarterly earnings announcements from banks, and the drop in IBM and sharp rise in oil prices limited the index's gains.500
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6S&P futures rose as the consumer price index in September came out weaker than expected. Investors view inflation indicators as a barometer for the economy and interest rate-sensitive sectors.500
The quarterly earnings season has begun with banks. As the earnings announcements from banks intensified, the market reacted sensitively to the results and guidance from the banks.
Although the index rose early in the session, the drop in IBM's stock price limited the gains. At the same time, a sharp rise in international oil prices was observed, shifting buying demand towards the energy-related sector.
Chip-related stocks continued to show weakness following the previous trading day. Meanwhile, Apple garnered attention with news of a price target increase from an analyst.
Jim Cramer highlighted this day by mentioning inflation figures and the commencement of bank earnings. Investors are in a mood to use these indicators and earnings as short-term trading cues.10
The market is processing the situation where price data and corporate earnings are released simultaneously. Volatility continues as multiple news items intertwine rather than a single event.
The key points at this juncture are three: 6the direction of the monthly inflation indicators, the quarterly earnings results of banks, and the movement of oil prices and large-cap stocks (especially tech stocks and IBM).
Sources: CNBC,Reuters,CNBC Top News
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