Five things to know ahead of the stock market opening
Ahead of the opening of the Tel Aviv Stock Exchange, trading is expected to open with a mixed trend, after yesterday the exchange closed with sharp gains. On Wall Street, declines were recorded following hotter-than-expected inflation data, which increased expectations for a rate hike in December. US futures indicate a recovery. Corvive reported better-than-expected results.
Ahead of the opening of the Tel Aviv Stock Exchange, Globes summarizes the five main topics: Trading is expected to open with a mixed trend, after yesterday the exchange closed with sharp gains on the background of the Knesset swearing-in. On Wall Street, declines were recorded following hotter-than-expected inflation data, which increased expectations for a certain rate hike in December. US futures indicate a recovery, with gains of 0.6% in the S&P 500 and 1.4% in the Nasdaq. Cloud computing company Corvive reported better-than-expected results, with a loss of 95 cents per share versus an expected loss of $1.16, and revenues of $3.66 billion. At Goldman Sachs, they believe the plunge in chip stocks is a buying opportunity. The article includes quotes from foreign analysts on Fed policy, but does not provide local commentary.