5 Things To Know Before The Stock Exchange Opens On Thursday, October 28th

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Wall Street will grow as the focus is on economic data.

Traders work at the New York Stock Exchange (NYSE) on October 25, 2021 in New York.

Spencer Platt | Getty Images

2. Dow Caterpillar and Merck Shares Increase Profits; Apple, Amazon will come out later

Dow Shares Caterpillar added 1.5% premarket after shares in the heavy equipment maker on Thursday. reported better-than-expected third-quarter adjusted earnings of $ 2.66 per share. Revenue of $ 12.4 billion in the third quarter was slightly below expectations. Another Dow share, Merck, rose nearly 2% after the company said On Thursday, he earned $ 1.75 a share in the third quarter. Revenue of $ 13.1 billion also beat forecasts. Merck raised its full-year forecast.

Apple and Amazon top a long list of companies reporting quarterly earnings after Thursday’s close on Wall Street. In July, the Dow component. Apple said growth in the upcoming September quarter will not be as strong as in the June quarter. Amazon, which reported its first quarterly loss in three years in July, gave weak forecasts for the third quarter. Investors will see how these outlook alerts are implemented. Apple and Amazon stocks rose slightly in the premarket.

3. Ford jumped sharply after sharply cutting earnings forecast and recovering dividends.

General view of the Halewood Ford transmission assembly plant after Ford announced a £ 230 investment in Halewood, England on October 18, 2021.

Christopher Furlong | Getty Images

4. Biden will attend a Democratic convention in the House of Representatives, signaling a deal on the spending bill.

US President Joe Biden comments on his program to rehabilitate better infrastructure at the NJ TRANSIT Meadowlands refurbishment complex in Kearney, NJ, USA on October 25, 2021.

Jonathan Ernst | Reuters

5. Executives of major oil companies will testify at a hearing on climate change in the House of Representatives.

A view of the ExxonMobil refinery in Baton Rouge in Baton Rouge, Louisiana on May 15, 2021.

Kathleen Flynn | Reuters

Top managers from Exxon Mobil, Chevron, BP America and Shell installed to testify at a House hearing on Thursday, as Democrats in Congress are investigating what they describe as a decades-long, industry-wide campaign to spread disinformation about the role of fossil fuels in global warming. Shell also skipped a third-quarter earnings estimate on Thursday, a day after investor activist Dan Loeb called for the company to dissolve. Loeb’s Third Point acquired an estimated $ 750 million stake in Shell, according to various media reports that could not be independently confirmed by CNBC.

– The Associated Press contributed to this report. Follow all market activities like a pro CNBC Pro… Get the latest news on the pandemic with CNBC Coronavirus Coverage

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