Previous close | 0.2500 |
Open | 0.2000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 70.00 |
Expiry date | 2024-06-21 |
Day's range | 0.2000 - 0.2500 |
Contract range | N/A |
Volume | |
Open interest | 359 |
Revealing a Strong Turnaround in Performance Amidst Market Challenges
Wall Street was poised for a higher open on Monday as traders priced in a greater chance of the Federal Reserve cutting interest rates this year following a soft payrolls data last week. The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer. "It's been this tug of war between what you're seeing play out in the rates market and the repricing of inflation and Fed policy versus what you're seeing on the earnings front," said Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions.
Tyson boosted its estimate for total adjusted operating income to $1.4 billion to $1.8 billion for fiscal year 2024 from a previous forecast for $1 billion to $1.5 billion. The increased outlook and higher-than-expected earnings were not overly surprising but could still support shares, Citi Research analyst Thomas Palmer said. Tyson also reported better-than-expected first-quarter earnings after closing processing plants.