MRKT MATRIX: October 30, 2024

Today’s Top Stories:

• S&P 500 closes lower on Wednesday as investors brace for more Big Tech earnings (CNBC)

• US Economy Expands at 2.8% Rate, Powered by Resilient Consumer (Bloomberg)

• US Hiring in ADP Data Rises to Fastest Pace in More Than a Year (Bloomberg)

• Alphabet’s Pricey AI Bet Pays Off With Cloud, Search Growth (Bloomberg)

• Super Micro shares plunge 30% as auditor resigns after raising concerns months earlier (CNBC)

• Lilly Cuts Guidance on Disappointing Weight-Loss Drug Sales (Bloomberg)

• BYD Revenue Eclipses Tesla for First Time as EV Giants Go Head to Head (Bloomberg)

• Mortgage demand stalls as interest rates surge higher ahead of election (CNBC)

• Sell Stocks If a Trump Win Drives a Rally, Citi Strategists Say (Bloomberg)

Today’s MRKT Call is Presented by SoFi

Microsoft & Meta Earnings Preview

Dan Nathan, Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, October 30th

Timecodes

• 0:00 - Tech Ticks Higher

• 7:00 - Macro & Yields

• 19:45 - Internet & Semis

• 32:00 - LLY & NOVO

• 36:30 - CMG & SHAK

• 40:20 - Earnings Insights

• 46:30 - MSFT, META & SBUC Previews

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