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stock futures dip as government shutdown looms and automakers face scrutiny
U.S. stock futures dipped as a House Republican spending deal to prevent a government shutdown faltered, with significant opposition from within the party. Meanwhile, short selling activity has surged among major automakers, with Rivian shares plummeting over 43% in 2024. In extended trading, FedEx, Nike, and Mission Produce reported better-than-expected earnings, boosting their stock prices.
asia pacific markets mixed as investors monitor fed and economic data
Asia-Pacific markets are mixed as investors await the Fed's decisions, while China's services sector shows robust growth with a PMI rise to 52.0 in October. South Korea's inflation eases to 1.3%, prompting a recent interest rate cut by the Bank of Korea. Meanwhile, crude oil prices increase over 2% as OPEC+ delays production hikes.
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