American stock markets are in the red this Thursday after poor inflation figures. The US consumer price index increased by 2.4% in September on an annual basis, against a consensus of 2.3%, after 2.5% in August. The increase in weekly unemployment claims was also higher than consensus. On the values side, Delta anticipates a downturn at the time of the presidential election. Around 5:00 p.m., the Dow Jones lost 0.23% to 42,415.58 points and the Nasdaq lost 0.32% to 18,233.21 points.
Delta Airlines (+0.17% to $50.92) started down on Wall Street before rising again. The company revealed a lower-than-expected revenue forecast for the fourth quarter. The American airline delivers a range of 13.9 to 14.2 billion dollars, while the consensus was established at 14.22 billion. She cites “the reduction in travel demand around the American presidential elections”. Adjusted earnings per share are expected to be between $1.60 and $1.85.
Today’s economic figures
The US consumer price index increased by 2.4% in September on an annual basis, against a consensus of 2.3%, after 2.5% in August. The monthly increase is 0.2%, compared to 0.1% consensus after 0.2% the previous month. Core inflation, a measure monitored by the Fed, rose to 3.3% on an annual basis, above the consensus of 3.2%, and at 0.3% on a monthly basis, compared to 0.2%. of consensus.
The number of weekly unemployment claims stood at 258,000 last week, against a consensus of 231,000, after 225,000 the previous week.
U.S. gas inventories rose by 55 billion cubic feet of gas over the past week, compared with expectations for an increase of 59 billion cubic feet, following an increase of 47 billion cubic feet the previous week. Inventories are 127 billion cubic feet higher than this time last year and 190 billion cubic feet higher than the 5-year average of 3,357 billion cubic feet. At 3,547 billion cubic feet, total working gas is within the historical range of the past five years.
Values to follow today
Amazon
In the coming weeks, Amazon will offer a new streaming platform within its Prime Video service. The company announced that Apple TV+ will be available through its service, but only in the United States, for $9.99 per month. This integration does not currently concern France, where Apple TV+ is already included in Canal+ offers at no additional cost.
Delta Airlines
Delta Airlines is expected to fall sharply in pre-market trading on Wall Street after publishing a lower-than-expected revenue forecast for the 4th quarter. The American airline delivers a range of 13.9 to 14.2 billion dollars, while the consensus was established at 14.22 billion. she cites “the reduction in travel demand around the American presidential elections”. Adjusted earnings per share are expected to be between $1.60 and $1.85.
Domino’s Pizza
In the third quarter of 2024, Domino’s Pizza’s revenue was $4.39 billion, up 5.1%. Operating profit increased 5% to $198.8 million. For this quarter, diluted earnings per share amounted to $4.19 compared to $4.18 a year ago. It is well above the consensus of $3.65. On the other hand, net income fell by 0.5%, to $198.8 million.
source : AOF
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