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Investing.com — Stocks reversed the tech slide, but Disney’s disappointing earnings weighed on the Dow Jones Industrial Average on Thursday.
Though investors were still digesting the news about inflation running at a pace not seen in 31 years, there was positive sentiment enough to lift the tech sector.
The Philadelphia Semiconductor Index rose nearly 2%, boosted by chip stocks such as Nvidia (NASDAQ:NVDA).
Shares ofWalt Disney Company (NYSE:DIS) lead declines among Dow components, as it reported the smallest rise in subscriptions for its video streaming service since its start.
And in its second day of trading, shares of Rivian Automotive Inc (NASDAQ:RIVN) surged another 22.1%.
Market participants were also watching developments around the nomination of the Federal Reserve Chair, with President Joe Biden still weighing whether to keep Jerome Powell for a second term or nominate Fed Governor Lael Brainard to the post.
The bond markets were closed in the U.S. on Thursday for Veterans Day. Here are three things that could affect markets tomorrow:
1. AstraZeneca earnings
AstraZeneca PLC ADR (NASDAQ:AZN) is expected to report a third-quarter profit per share of 62 cents on revenue of $9.49 billion.
2. Job openings
The number of job openings in the U.S. is likely to have dropped to 10.3 million in September from 10.439 million in August. Its all-time high was July’s 11.098.
3. Consumer sentiment
The preliminary reading of the U.S. consumer sentiment for November, as reflected in the University of Michigan’s Consumer Sentiment Index, is seen improving to 72.4 from October’s 71.7.
— Reuters contributed to this report
