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On October 29th, the U.S. federal government shut down for four weeks, and a federal food aid program that tens of millions of people rely on is about to run out of funds. Twenty-five Democratic-governed states and the capital, Washington, filed a lawsuit against the federal government that day, demanding the use of federal emergency funds to maintain the program.On October 29th, the Korean Central News Agency reported that North Koreas General Missile Administration conducted a sea-to-land strategic cruise missile test in the waters off western North Korea on the 28th. The report said the improved cruise missile was designed for ship-launched launches using a vertical launch method. The multiple cruise missiles flew along a predetermined trajectory over the western waters for over 7,800 seconds, destroying their targets.The U.S. Senate passed a bill by a vote of 52 to 48, ending the national emergency declared by Trump that imposed a 50% tariff on Brazilian imports.The U.S. Senate passed a bill ending U.S. President Trumps tariff measures against Brazil.On October 29th, SK Hynix reported third-quarter sales of 24.45 trillion won, slightly below the market estimate of 24.51 trillion won. Operating profit reached 11.38 trillion won, exceeding the market estimate of 11.23 trillion won, marking a record quarterly profit. HBM3E and DDR5 sales contributed significantly to the companys fourth-quarter quarterly growth. The company expects both DRAM B/G and NAND B/G to increase at the low end of the 0%-10% range. SK Hynix has completed negotiations with a customer for HBM4 supply, with shipments slated to begin in the fourth quarter. It has also finalized HBM4 supply negotiations with several key customers for 2026, securing all DRAM and NAND customer demand for 2026. The company also announced that capital expenditures for 2026 will increase compared to 2025, with the company aiming to expand production capacity through the M15X.

Earnings boost Dow futures, according to Netflix

Aria Thomas

Oct 19, 2022 14:17

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Tuesday evening, U.S. stock futures were trading higher after major benchmark averages rose during the day. Goldman Sachs Group Inc (NYSE:GS) and Lockheed Martin Corporation (NYSE:LMT) surpassed market forecasts with their profits, boosting investor sentiment.


By 7:05pm ET (11:05pm GMT), the Dow Jones Futures increased 0.5%, the S&P 500 Futures increased 0.8%, and the Nasdaq 100 Futures increased 1.2%.


Extended deals for Netflix (NASDAQ:NFLX) increased by 14% after the firm posted higher-than-anticipated Q3 profits per share of $3.10 and revenue of $7.93 billion.


United Airlines Holdings Inc. (NASDAQ:UAL) rose 6.3% after announcing earnings per share for the third quarter of $2.81, which was higher than the consensus estimate of $2.24. Instead of the predicted $12.72 billion, the corporation earned $12.9 billion.


Intuitive Surgical (NASDAQ:ISRG) rose 11.6% after reporting earnings per share of $1.19 for the third quarter, which was higher than the consensus estimate of $1.12, and sales of $1.56 billion, which was higher than the consensus estimate of $1.51 billion.


On Wednesday, investors will focus on new data on home starts and earnings reports from major technology firms such as International Business Machines (NYSE:IBM) and Tesla Inc. (NASDAQ:TSLA).


The Dow Jones Industrial Average rose 338 points, or 1.1%, to 30,523.8 on Tuesday, while the S&P 500 rose 42 points, or 1.1%, to 3,720 and the NASDAQ Composite rose 96.6 points, or 0.9%, to 10,772.4.


The rate on a 10-year US bond on the bond market was 4.007 percent.