Listed below are 5 key issues buyers must know to begin the buying and selling day:
1. S&P shedding streak
2. EV positive factors
New Tesla Cybertruck autos parked at a logistics drop zone in Seattle, Washington, US, on Thursday, Aug. 22, 2024.
M. Scott Brauer | Bloomberg | Getty Photos
Name it the Tesla 20%. That was CEO Elon Musk’s projection for car gross sales progress subsequent yr, boosted by “lower cost vehicles” and the “advent of autonomy.” That progress forecast outpaced Wall Avenue’s expectations of 15% progress in deliveries subsequent yr to 2.04 million, based on FactSet. Musk’s feedback got here after the U.S. EV chief handily beat revenue expectations for the third quarter, regardless of coming in simply shy of income estimates, based on LSEG. Shares of Tesla gained greater than 10% in prolonged buying and selling.
3. Strike prolonged
Boeing employees from the Worldwide Affiliation of Machinists and Aerospace Staff District 751 collect on a picket line close to the doorway to a Boeing manufacturing facility on the day of a vote on a brand new contract proposal throughout an ongoing strike in Renton, Washington, U.S. October 23, 2024.
David Ryder | Reuters
Boeing machinists rejected a brand new labor contract, extending a employees’ strike that is already stretched greater than 5 weeks. The contract included 35% wage will increase over 4 years and failed by a vote of 64% late Wednesday. The work stoppage is the machinists’ first strike since 2008 and has introduced most of Boeing’s plane manufacturing to a halt.
4. 2010 once more
A Redfin register entrance of a house on the market in Atlanta, Georgia, U.S.
Elijah Nouvelage | Bloomberg | Getty Photos
Current house gross sales fell final month to their slowest tempo since October 2010, based on the newest information from the Nationwide Affiliation of Realtors. The seasonally adjusted, annualized charge of three.84 million items offered represents a 1% decline month over month and a 3.5% decline yr over yr. “Home sales have been essentially stuck at around a four-million-unit pace for the past 12 months, but factors usually associated with higher home sales are developing,” stated Lawrence Yun, chief economist for the Nationwide Affiliation of Realtors.
5. Sitting down with Silver
CNBC’s Alex Sherman sat down with NBA Commissioner Adam Silver for the primary installment of a brand new videocast sequence by CNBC Sport. They mentioned the NBA’s break from its media rights associate, TNT, potential officiating modifications coming to the court docket within the years forward, and the way finest to develop WNBA income. Watch the full interview from CNBC Sport, and join the CNBC Sport publication to get first entry to weekly interviews.
– CNBC’s Lisa Kailai Han, Lora Kolodny, Leslie Josephs, Diana Olick and Alex Sherman contributed to this report.
