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Traders enactment connected the level of the New York Stock Exchange (NYSE) connected October 27, 2022 successful New York City. Stocks continued their upward gains Thursday with the Dow rising astir 400 points pursuing a caller GDP study that bushed expectations.
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What I americium looking astatine Tuesday, Nov. 1, 2022
- U.S. banal futures higher aft the Dow Jones Industrial Average closed October with the champion monthly summation (up astir 14%) since 1976. We sliced and diced the Club stocks successful the Dow 2 ways, here and here. The Federal Reserve begins its two-day November gathering Tuesday. Fourth consecutive 75-basis-point involvement complaint hike expected erstwhile it wraps up Wednesday. Investors are wondering whether the Fed is going to awesome immoderate alleviation up successful the magnitude of complaint increases.
- Club holding Johnson & Johnson (JNJ) buys Abiomed (ABMD), premier bosom pumping company, successful a woody valued astatine $16.6 billion. J&J is paying a hefty premium: $380-per-share upfront, positive other $35-per-share if definite milestones are met. Abiomed up much than 50% successful the premarket. J&J juiced maturation up of its separation into 2 companies: one, pharma and the other, user brands. This volition rise the maturation complaint of the MedTech information of caller J&J company.
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