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Stocks Mostly Up Pre-Bell Ahead of Key Earnings, Economic Data; Asia Falls, Europe Strong
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Stocks Mostly Up Pre-Bell Ahead of Key Earnings, Economic Data; Asia Falls, Europe Strong
Oct 17, 2024 2:19 PM

07:09 AM EDT, 10/17/2024 (MT Newswires) -- US benchmark equity indexes were mostly tracking in the green before Thursday's opening bell as investors await some key economic reports and earnings results.

Standard & Poor's 500 rose 0.4%, the Nasdaq added 0.8%, while the Dow Jones Industrial Average was slightly in the red in premarket activity. The majority of Asian exchanges were trending downwards, while European bourses were pointing higher midday on the continent.

Shares of CSX (CSX) dropped 5.6% pre-bell as the rail-based freight transportation supplier's third-quarter results missed market expectations. Nvidia ( NVDA ) gained 2.7% while Lucid Group ( LCID ) fell about 15%.

Taiwan Semiconductor Manufacturing's ( TSM ) US-listed stock jumped 8.1% as the company reported better-than-expected quarterly results. Blackstone (BX), Elevance Health ( ELV ) , Marsh & McLennan ( MMC ) , Infosys ( INFY ) , Truist Financial ( TFC ) , Travelers (TRV), KeyCorp ( KEY ) and Snap-On (SNA) also post their latest financial results before the bell, among others.

Later on Thursday, Netflix ( NFLX ) posts earnings along with Intuitive Surgical ( ISRG ) and WD-40 ( WDFC ) .

On the economic calendar, the weekly jobless claims bulletin, the retail sales report for September and the Philadelphia Fed's manufacturing index for October are all out at 8:30 am ET. The industrial production report for last month is due at 9:15 am, followed by August's business inventories report and the housing market index for October at 10 am.

The weekly EIA domestic natural-gas supplies and petroleum inventories reports are scheduled to be released at 10:30 am and 11 am, respectively. Chicago Fed President Austan Goolsbee is set to speak at 11 am.

Before the opening bell, bitcoin declined 1.2% to $66,972, West Texas Intermediate crude oil ticked up 0.1% to $70.48 a barrel, yields on 10-year Treasuries advanced 1.8 basis points to 4.03% and gold increased 0.4% to $2,703 an ounce.

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