Fri, Nov 1, 2024 3:34 PM
A European Stock Trader’s Guide to the US Presidential Election
A Flip by Shubhangi Gupta
Maruti Suzuki India on Friday reported its highest ever monthly sales in October at 2,06,434 units, a 4% Y/Y growth over the same month last year. The auto major had sold a total of 1,99,217 units in the same month last year, Maruti Suzuki India said. Total domestic passenger vehicle sales were at 1,59,591 units last month compared with 1,68,047 units in year-ago month, a decline of 5%, it added.
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U.S. stock index futures rose on Friday, buoyed after upbeat earnings from Amazon offset a tech-led selloff in the previous session, as investors awaited crucial nonfarm payrolls data for clues on the Federal Reserve's interest-rate trajectory. Amazon.com soared 5.8% in premarket trading, as strong retail sales lifted its profit above Wall Street estimates.
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Meta Platforms forecasts Q4 revenue in the region of $45 billion to $48 billion, and overall capital spending for 2024 will be between $38 billion and $40 billion. The spending surge contributed to shares falling 4% on Oct. 31. Meta's stock is up 59% YTD, and shares have surged 86.2% from a year ago. Goldman Sachs analysts maintained their buy rating but cut their price target to $630 from $636.
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