Fri, Nov 1, 2024 3:29 PM
Maruti Suzuki reports highest ever sales in October at 2,06,434 units
A Flip by Shubhangi Gupta
Europe’s investors are bracing for a potential victory for Donald Trump, which last time around drove the sharpest underperformance in regional equities relative to US peers during any of the last eight American administrations. While S&P 500 companies derive 72% of their sales in the US, members of Europe’s Stoxx 600 make only 40% within their own region.
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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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