What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
American futures sink 130 points
On Wednesday, American futures pointed to a steeply lower start, with a slide in crude prices as well as uncertainty as for the state of US tax reforms dampening risk sentiment because market participants geared up for more data and also earnings.
The blue-chip Dow futures lost 130 points, the S&P 500 futures declined 14 points, while the tech-heavy Nasdaq 100 futures headed south 32 points.
On Tuesday, all three key American stock indexes concluded lower because General Electric dived for a second straight day.
Weak crude prices affected investor appetite for riskier assets. Crude prices declined 1%, thus extending Tuesday's steep dips, amid rumors weekly supply data due later in the day will demonstrate a large jump in American crude inventories.
Additionally, the US Energy Information Administration is expected to publish its official weekly crude supplies data for the week by November 10.
Financial experts expect consumer prices to tack on 0.1%. Core inflation is believed to add 0.2%.
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