• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Stock Futures Drop As Investors Await Bank Earnings, Inflation Data

Oct 12, 2021

Stock Futures Drop As Investors Await Bank Earnings, Inflation Data

Stock futures began slightly down Tuesday evening as investors awaited a slew of new earnings and inflation data that would provide insight on the extent to which increasing prices have hampered the economic recovery and corporate profits.

The third-quarter earnings season will be off on Wednesday, with prominent firms such as JPMorgan Chase (JPM), BlackRock (BLK), and Delta Air Lines (DAL) expected to announce results before the market opens.

Investors have reduced their forecasts for S&P 500 earnings growth in the third quarter, citing increased material prices, higher labor costs, and other supply-side challenges as potentially weighing on margins and eroding profitability.

Recent developments in a variety of industries have already revealed the effects of supply chain shortages and transportation problems. According to the Wall Street Journal, companies ranging from Costco (COST) to Walmart (WMT) have resorted to chartering their own ships in order to import products ahead of the holiday season. Furthermore, Bloomberg reported on Tuesday that Apple (AAPL) was planning to reduce its iPhone manufacturing objectives for this year by up to 10 million devices owing to persistent chip shortages.

The most recent set of economic statistics, due Wednesday, is expected to show that these supply and demand imbalances translated into continued inflationary pressures at the start of the fall. Core prices, excluding food and energy, are expected to climb by 4.0 percent in September over last year, down just slightly from June's 30-year high of 4.5 percent, according to the Labor Department's Consumer Price Index, which is due out Wednesday morning.

According to FactSet statistics, Wall Street analysts expect third-quarter earnings to increase by roughly 27% year over year. Though this would still be the third-fastest rate of profit growth since 2010, it would be a significant decrease from the over 90 percent rate in the second quarter.

In a report this week, Savita Subramanian, Bank of America's head of U.S. equities and quantitative strategy, warned that this "will be a make-or-break quarter with all eyes on margins and supply chains." Other strategists agreed.

"We think investors should buckle up because this is going to be one rough earnings season," Aadil Zaman of Wall Street Alliance Group told Yahoo Finance Live on Tuesday. "Supply chain concerns are going to dominate results, and we're going to see some firms give us an early Halloween shock."

However, considering that concerns like material shortages, port congestion, and labor shortages are already well-known among investors, some analysts believe that traders should pay more attention to corporate comments and outlooks as an indication of future resilience.

"The message I'm sending to our investors is to focus on what firms are saying about visibility moving forward, not necessarily on what the third-quarter print is," John Lynch, chief investment officer at Comerica Wealth Management, told Yahoo Finance Live. "And we believe that some of the value and cyclical players may provide strong visibility in the future."

Subscribe Our Newsletter

Coinbase and Google are Joining Forces to Embrace Crypto

Alexander

Coinbase and Google are Joining Forces to Embrace Crypto

Crypto industry has just received one of its biggest boosts in a long time.

Crypto
Bitcoin Rebounds, But Don’t Be Fooled
Bitcoin Rebounds, But Don’t Be Fooled

Analysts anticipate further volatility this week and cautiously examine cryptocurrencies below significant technical levels.

Crypto
Oliver

The Pros and Cons of Accepting Cryptocurrency as Payment
Digital currencies entered the world of business and finance only in the late 2000s. As a decentralized currency and payment option, Bitcoin allowed individuals to transfer money without going through intermediaries. The underlying technology that supports Bitcoin, known as a blockchain, has been considered one of the most significant innovations of recent years.

discover
What is Web 3.0 and Why Does it Matter?

Alexander

What is Web 3.0 and Why Does it Matter?

The internet is constantly evolving, and with each new stage comes new terminology.

Fintech

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy