CBOE Cboe Global Markets Inc

EQS-News: CBOE's Weekly Market Recap: Oct. 3-7

EQS-News: Cboe Global Markets, Inc.
CBOE's Weekly Market Recap: Oct. 3-7

14.10.2022 / 16:49 CET/CEST
The issuer is solely responsible for the content of this announcement.


The market experienced a slight breather last week from the rapid decline that preceded the week prior.

Cboe Global Markets Inc. (BATS: CBOE) reports that all the exchange-traded funds (ETFs) and indices recorded in this series experienced a price increase last week. France’s Lyxor CAC 40 ETF is the only exception, recording a decline of 4%.

The cryptocurrency market has largely mirrored its traditional counterparts, experiencing increases in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) — all of which have experienced very little change over the past three weeks.

The U.S. Bureau of Labor Statistics released information on nonfarm payrolls in September. The U.S. uses nonfarm payrolls as a measure of the number of workers in the U.S. excluding farm workers and workers considered on the periphery of general economic activity. September’s report saw the U.S. economy last month, the least since April of last year but more than consensus estimates of 250,000.

The consensus beat was not enough to revive investors’ bullish sentiment; the S&P 500 and other major indices reacted negatively to the news, nearly erasing the three days of positive closes experienced between Oct. 3 and Oct. 5.

Tesla Inc. (NASDAQ: TSLA) wins chart of the week following a record-shattering delivery announcement that disappointed analysts’ consensus estimates.

Wall Street’s eyes and ears will be zoomed in on earning reports this week. Many of these will be centered around America’s largest financial institutions and will provide insight into the state of the economy.

Cboe notes the most important earning reports for this week below.

Quick BitesExchange-Traded Funds
  • The SPDR S&P 500 ETF (NYSEARCA: SPY) increased by 1.57% over the previous week.

  • The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) increased by 0.69% over the previous week, mirroring the SPY’s overall movements.

  • The iShares Russell 2000 ETF (NASDAQ: IWM) increased by 2.24% over the previous week.

  • The Cboe Volatility Index™ (INDEXCBOE: VIX) decreased by 0.82% over the previous week.

World Markets
  • The iShares Core MSCI Europe ETF (NYSEARCA: IEUR) increased by 1.11% week-on-week.

  • The iShares FTSE 100 UCITS ETF (LSE: ISF) increased by 1.35% week-on-week.

  • The iShares Core DAX UCITS ETF (BIT: EXS1) increased by 1.41% week-on-week.

  • The Lyxor CAC 40 ETF (EPA: CAC) decreased by 4.18% week-on-week.

Chart Of The Week: TSLAU6QzUlVf.png

Shares of Tesla Inc., the world’s most famous electric vehicle (EV) manufacturer, declined 10 points overnight — a 4% drop — following news that the company missed analysts’ estimates for car deliveries.

Despite delivering 343,830 in the three months to September, a company record, Tesla’s deliveries came 7% short of analysts’ forecasts, a mismatch that sent the company’s stock plummeting. Since the news on Oct. 3, Tesla’s stock has largely continued its downward trajectory, closing at $223 per share and recording a 15% drop in five days.

According to some sources, the plummet in Tesla’s stock price speaks to concerns beyond the company’s delivery miss. While shortcomings in delivery estimates could have been pegged to supply-chain issues before, this time they reportedly cannot. The point on investors' minds is the seemingly waning demand for Tesla’s cars.

Major Cryptocurrencies
  • Bitcoin increased by 2.07% since the previous week, nearing its yearly low.

  • Ethereum increased by 3.68% since the previous week.

  • Solana increased by 2.71% since the previous week, holding above the key $30 price tag.

Upcoming Earnings Releases

A number of companies report earnings next week, including:

Company

Earnings per share (EPS) estimate

PepsiCo Inc. (NYSE: PEP)

$

1.83

Delta Air Lines Inc. (NYSE: DAL)

$

1.55

BlackRock Inc. (NYSE: BLK)

$

10.95

JPMorgan Chase & Co. (NYSE: JPM)

$

2.91

Citigroup Inc. (NYSE: C)

$

1.61

Morgan Stanley (NYSE: MS)

$

1.53

Wells Fargo & Co. (NYSE: WFC)

$

1.09

Click for more weekly insights by Cboe.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Michele Ormont

Company Website


News Source: News Direct


14.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Cboe Global Markets, Inc.
United States
ISIN: US12503M1080
EQS News ID: 1464455

 
End of News EQS News Service

1464455  14.10.2022 CET/CEST

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