Dow futures fell more than 300 points, indicating Wall Street will correct today. after rising before
At 8:23 p.m. Thai time, the Dow Jones Industrial Average is down 326 points or 1.07% to 30,039 points.
The Dow has risen nearly 1,600 in the past two days, bolstered by investor concerns about the Federal Reserve’s accelerating interest rate hikes after the U.S. released weak economic data.
Twitter shares fell 0.71% in pre-market trading today. After yesterday’s close, it surged 22.24 percent following reports that Tesla Inc Chief Executive Elon Musk has decided to make another offer to acquire Twitter for $54.20 per share.
Investors keep an eye on the meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. Or OPEC Plus today, which will affect the price of energy stocks in the market.
The source stated that OPEC Plus will decide to cut production by more than 1 million barrels per day in November. by potentially reducing production by as much as 2 million barrels per day which, together with the voluntary reductions in additional production capacity by member states It will be OPEC+’s largest production cut since 2020.
The market is keeping an eye on the US nonfarm payrolls numbers for September on Friday. While analysts predicted that The number of jobs will increase by just 265,000 in September. After rising 315,000 jobs in August and the unemployment rate is expected to remain stable at 3.7%.