Global Markets:
● Asian Stock Markets : Nikkei down 0.33%, Shanghai Composite down 0.71% Hang Seng up 0.44% ASX up 0.27%
● Commodities : Gold at $3,935.25 (-0.87%) Silver at $49.765 (-2.21%), Brent Oil at 104.87 (0.08%), WTI Oil at 96.70 (0.24%)
● Rates : US 10-year yield at 4.903, UK 10-year yield at 5.1975, Germany 10-year yield at 3.2908
News & Data:
● (USD) ISM Manufacturing PMI
55.5 to 54.5 expected
Markets Update:
U.S. stock futures were little changed on Monday night as investors assessed Apple’s quarterly earnings and prepared for the U.S. midterm elections. Dow futures rose 24 points, while S&P 500 futures gained 0.1% and Nasdaq-100 futures advanced 0.3%.
Apple shares fell 2% in extended trading after the company issued a disappointing margin outlook and reported fiscal fourth-quarter iPad sales below analysts’ expectations.
Asian markets were mixed on Tuesday. South Korea’s Kospi dropped 3.28%, with Samsung Electronics falling 4.37%, tracking technology losses on Wall Street. Australia’s S&P/ASX 200 gained 0.22%, while Hong Kong’s Hang Seng Index rose 0.16%. Mainland China’s CSI 300 slipped 0.84%. Japanese markets remained closed for a public holiday.
In Monday’s regular session, the Nasdaq Composite declined 1.07%, and the S&P 500 fell 0.51% amid continued rotation away from technology stocks. The Dow advanced approximately 214 points, or 0.41%.
Marvell Technology shares dropped 12%, while Lumentum fell 18% following news of a proposed $115 billion acquisition. Oracle declined 8% after announcing plans to raise funds through stock and bond sales to support its artificial intelligence expansion.
Investors are also watching the midterm elections, with potential Democratic gains raising questions about regulatory oversight and technology-sector spending. Analysts expect uncertainty to ease after voting concludes, although a decisive victory by either party could unsettle markets.
Tuesday’s agenda includes earnings from Pfizer, Shopify, AMD and Super Micro Computer, alongside September job openings and factory orders data.
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