Today’s Stock Futures: Live Updates

JPMorgan Chase CEO Jamie Dimon and his family plan to sell 1 million shares of the bank starting next year, a regulatory authority said. Filing Published on Friday.

The bank filing said the sale would be for “financial diversification and tax planning purposes” and would be Dimon’s first while at the bank.

Dimon currently owns about 8.6 million shares of the bank and has additional stock grants that were not filed.

JPMorgan shares were up less than 1% in premarket trading.

– Jesse Pound

Chevron reported third-quarter earnings of $3.05 per share, excluding items. That’s below LSEG’s estimate of $3.75 per share. However, revenue of $54.08 billion was better than expected.

Shares fell 1.3% on the back of a mixed quarterly report. Of course, CEO Mike Wirth’s decisions on the company and its acquisition of PDC Energy.

“The acquisition of PDC Energy strengthens our position in important U.S. producing basins,” Wirth said. The DJ Basin is now one of Chevron’s top five producing assets. “We have acquired a majority stake in ACES Delta, LLC, the largest green hydrogen production and storage facility in the United States,” commented Wirth.

– Fred Imbert

Wolff Research strategist Rob Ginsberg noted that the S&P 500 is starting to sell off higher, meaning a short-term bounce could be in the offing.

“There is still a bit of order in our view, no real panic … but it should be highlighted that the S&P is on the cusp of oversold for the first time since late September,” Ginsburg wrote. “Futures were actually oversold intraday. Now, it took a week for that signal from a month ago to finally gain traction, but we’re getting close as we approach short-term support at 4100.”

– Fred Imbert, Michael Bloom

Former Chinese Premier Li Keqiang died on Friday at the age of 68, Chinese state media reported.

CCTV has been recorded Lee died shortly after midnight of a heart attack while in Shanghai.

Li was prime minister of the world’s second-largest economy from 2013 to 2023, and was prime minister twice in March.

Prior to this, he was Vice Premier from 2008 to 2013, and in 2007, he became a member of the highest circle of power of the Politburo Standing Committee of the Central Committee of the Communist Party of China. Government media.

– Evelyn Cheng

Eight out of 11 sectors ended Thursday’s trading session in negative territory. The communication services sector was the laggard, falling 2.58%, while real estate was the best performer, rising 2.15%.

All eight sectors are negative for the week, again led by communications services. The sector fell 6.38%, on pace to post its worst weekly performance since February this year. Utilities is the best performing sector so far for the week, up 3.11%.

Following this theme, 10 sectors are set to close the month on the downside. Consumer Discretionary is down 7.93% year to date, on pace for its worst monthly performance since December 2022. Utilities, up 1.53%, was the best performing sector for the month.

– Lisa Kailai Hahn, Christopher Hayes

Stocks are reeling through the decline, and all three major averages are poised to post their third consecutive month of declines.

In October, the S&P 500 fell 3.52%. The Nasdaq composite fell 4.72% and the Dow Jones industrial average fell 2.16%.

If the indexes end the month with losses, it will be the first time since March 2020 that the Dow and S&P 500 have posted three consecutive months of declines.

The last time the Nasdaq fell for three consecutive months was in June 2022.

–Darla Mercado, Chris Hayes

The most moving stocks in after-hours trading were:

Amazon – Shares of the e-commerce giant rose 3.8% after beating analysts’ estimates at the top and bottom levels in the third quarter.

Intel – Shares traded nearly 9% higher in after-market hours after the semiconductor chipmaker beat third-quarter earnings.

Chipotle Mexican Grill — The burrito chain gained more than 2% in extended trading on the back of earnings results that beat Wall Street expectations, based on a survey of analysts by LSEG.

Read the full list of moving stocks here.

– Lisa Kailai Hahn