Five things you need to know before the market opens on Thursday October 27
Stocks remained flat after the September PCE report dropped, showing inflation that was slightly hotter than investors expected.
1. -- Stock Market Today: Stocks tick higher on strong finish to Big Tech earnings
Stock futures ticked higher as strong Amazon and Intel results pushed Big Tech over the earnings finish line. Both companies surged in after-hours trading.
2. -- Oil giants Exxon and Chevron report sluggish third-quarter results
Both Exxon Mobil and Chevron missed earnings expectations for the quarter, though Chevron's revenue numbers topped analyst expectations.
3. -- Ford stock wobbles as company puts a dollar figure on UAW auto strikes
Despite the end to the nearly six-week-long auto strike against Ford, the automaker will be feeling the impact of the strike for a while. Ford said it lost $1.3 billion due to the strikes; once the deal is ratified, the agreement will cost Ford an additional $900 on each vehicle.
4. -- Intel stock spikes on strong quarter and rosy outlook for the year
Intel, beyond reporting a double earnings beat, posted rosy guidance for the current quarter, two things that pushed shares up in pre-market trading.
5. -- General Motors just pulled the plug on Elon Musk's ultimate vision for Tesla
Days after the California DMV suspended Cruise's license to operate driverless vehicles, Cruise announced that it was suspending all of its fleet operations in a significant obstacle to the autonomous vehicle sector.
