The start of the US trading session has been positive for traders of Tesla and Microsoft.
American equities decline ahead of earnings
On Wednesday, American equities extended their dives because market participants focused on earnings reports from corporate heavyweights.
As a matter of fact, the S&P 500 futures sank by 0.57% being worth 2,730.50. Dow futures dipped by 0.44% hitting 25,134.0. The Nasdaq 100 futures slipped by 0.67% reaching 7,092.50.
Boeing and AT&T are anticipated to post their outcomes before the morning bell. Market participants are going to wait for further clues on the influence of the US-China trade conflict on international companies, such as Boeing, for example.
Microsoft, Ford Motor Company, Visa, Tesla are all braced for reporting their outcomes after the bell. Besides this, Tesla managed to gain by up to 1.65%. As for Ford, it lost 0.35%. Moreover, Microsoft went down by 0.63%, while Visa headed north by up to 0.17%.
In addition to this, Netflix went down by 1.55%. Meanwhile, Intel sank by 1.12%. Fiat Chrysler Automobiles NV lost nearly 3.74%.
Furthermore, the house price index is expected to be uncovered at 9:00 AM ET. Besides this, the PMI composite flash is going to be disclosed at 9:45 AM ET. As for new home sales numbers, they are expected to show up at 10:00 AM ET.
A number of Fed speakers are also expected to deliver speeches today. In particular, market participants are eagerly looking forward to listen to St. Louis Fed President James Bullard, Atlanta Federal Reserve Bank President Raphael Bostic, Fed Bank Governor Lael Brainard as well as Cleveland Fed President Loretta Mester.
As for commodities, gold futures managed to ascend by up to 0.01% coming up with an outcome of $1,233.50 a troy ounce. Additionally, crude futures dived by 0.15% being worth $66.33 a barrel.
The USD index, a gauge of the greenback’s purchasing potential versus its main rivals, surged by 0.45% being worth 96.14.
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
More tariffs were introduced
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise