NEW YORK / LONDON (IT BOLTWISE) – The US stock markets are optimistic at the beginning of the week after recording one of the best developments in years in October. Investors are betting on positive company reports, while the easing of trade tensions between the US and China continues to fuel buying sentiment. There is a particular focus on technology companies such as AMD and Palantir, which benefit from the demand for AI and chips.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Wall Street is starting the new week with a positive outlook after US stock markets recorded one of their best developments in years in October. Investors are optimistic that the companies’ upcoming reporting period will be predominantly positive. The easing of trade tensions between the USA and China is particularly contributing to the buying mood.
In technology this week, the focus is on companies like AMD and Palantir, which are benefiting from increasing demand for artificial intelligence and chips. Analysts expect these companies’ reports to show strong premiums, further fueling investor optimism.
Another highlight is Kimberly-Clark’s acquisition of Kenvue for $48.7 billion. Kenvue, known for brands such as Neutrogena and Listerine, was only spun off from Johnson & Johnson in 2023. Kenvue shares are up 18 percent premarket, while Kimberly-Clark is down 14 percent.
Pfizer is also in the spotlight as the drugmaker is suing Novo-Nordisk over a counterbid for Metsera. Pfizer had previously agreed to take over Metsera. According to the presentation of business figures, Berkshire Hathaway’s B shares gained 1 percent, while Biontech gained 2 percent.
On the economic side, the focus is on the October purchasing managers’ indices for manufacturing and construction spending. The dollar is holding up well, supported by declining interest rate cut expectations. US bond yields are coming back slightly, while oil prices are being held back by expectations of lower demand.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “US stock markets start the week with optimism”.