Marketing today: Live updates

Shares of Carrier Global rose more than 3% after the company agreed to sell its Global Access Solutions business – which makes locks for hotels and other businesses – for $4.95 billion in cash to Honeywell.

Honeywell’s strong track record of providing construction products and services makes this a standard that will build a leading safety brand with expected annual revenues in excess of $1 billion,” the statement said. Honeywell CEO Vimal Kapur said in a statement.

“By using the potential of using security and safety systems, customers will be able to increase their performance, efficiency and cost-effectiveness and create a long-term, sustainable value, ” Kapur added.

Shares of Honeywell were down 0.6% in premarket trading.

European markets were little changed at the opening on Friday.

The pan-European Stoxx 600 index hovered around the flat line in early trade, with mining stocks falling 0.6% while oil and gas climbed 0.5%.

Japan’s third-quarter domestic population review below in an action that is contrary to the expectations of the economy.

The world’s third-largest economy shrank 0.7% quarter-on-quarter, a bigger-than-expected fall compared to expectations of a 0.5% decline as the previous estimate suggested. also with the Reuters poll.

On an annualized basis, GDP shrank 2.9% in the third quarter, faster than the previous estimate of 2.1% and economists’ expectations of 2%. .

— Lim Hui Jie

It has been stopped by the central bank of India prime loan rate at 6.5%it was the fourth straight time that the repurchase rate was left unchanged.

Reuters reported all six members of RBI’s monetary policy committee unanimously voted to keep the repo rate unchanged.

This is because the domestic economy has slowed down for three straight months, reaching a four-month low of 4.87% in October. From May 2022, the RBI has raised the repo rate by a total of 250 basis points.

— Lim Hui Jie

Real pay in Japan has fallen for the 19th straight month, slipping 2.3% year over year in October.

Although the decline was weaker than the revised 2.9% decline seen in September, the decline in real wages will be a factor that may prevent the Bank of Japan from the exit from negative interest rates.

The BOJ has said that sustainable wage growth is a key method to consider before unwinding its monetary policy.

— Lim Hui Jie

The percentage of individual investors who are uncertain about the six-month outlook for stocks jumped to 27.4% in the latest survey from the American Association of Individual Investors, up from 19.6% a week ago. ai – which marked the lowest bearish since January 2018.

Historically, it has averaged 31% weekly, and has been below average for five straight weeks.

Investor sentiment fell 47.3% last week, the first time they’ve fallen in five weeks, and down from 48.8% the previous week – which marked the The highest number of hopefuls was just last August. The historical average of bulls is 37.5%, and the prospects have now come above the average for five consecutive weeks, as well as six weeks out of nine.

AAII presents the most recent description of feelings such as returning “to their normal state.”

— Scott Schnipper

The Nasdaq Composite index is headed for its sixth straight week of gains, on pace for 0.24%.

It may not seem like much of an increase, but if the Nasdaq can maintain it, it will mark the index’s longest winning streak since its eight-week run that ended in June.

Names on the index that did well this week include Alphabet, which is up 3.8%, and Advanced Micro Devices, up 5.8% this week.

Both stocks rallied strongly on Thursday, with Alphabet up more than 5% after the company announced its Gemini AI prototype. AMD jumped almost 10% a day after the semiconductor company announced its new AI chip – and Meta and Microsoft said they would use it.

The week is looking less interesting for the S&P 500 and the Dow Jones Industrial Average, both of which will break the five-week winning streak.

–Darla Mercado, Chris Hayes

The Department of Labor plans to report the November non-farm payrolls report on Friday morning – and the numbers may show an increase in the number of workers.

Investors surveyed by Dow Jones expect 190,000 jobs were added last month, an increase from October’s 150,000.

But traders — and the Federal Reserve — will be looking beyond the headline numbers. Economic indicators, including wage growth and the unemployment rate, will be key indicators of whether the economy is cooling enough.

Read more about the upcoming jobs report here.

–Darla Mercado, Jeff Cox

A few names made notable changes after the market closed.

Lululemon Athletica fell more than 2% after the sportswear retailer issued weak guidance for the holiday season. The company, known for its yoga pants, said it expects sales between $3.14 billion and $3.17 billion for the fourth quarter. That’s less than the $3.18 billion expected by analysts, according to Refinitiv.

RH, the furniture retailer, slipped 9% in after-hours trading. The company gave a disappointing outlook on earnings, calling for $3.06 billion to $3.08 billion, compared to the Street estimate for $3.08 billion for the fiscal year.

See more traffic here.

–Darla Mercado, Tanaya Machel

US stocks hovered near the flat line late Thursday.

S&P 500 futures fell 0.08%, while Nasdaq 100 futures fell 0.09%. Dow futures lost 26 points or 0.07%.

–Darla Mercado