Election trades, Boeing strike ends, Palantir
Update: 2024-11-05
Description
While traders are making their way to the exchange floor, American voters are heading out to vote in the 2024 presidential election.
Takeaways:
- Stock futures (ES=F, NQ=F, YM=F) tip above their flatlines Tuesday morning as US voters take part in the 2024 presidential election and head to the polls today. Wall Street is paying attention to key assets, including gold (GC=F), bitcoin (BTC-USD), and 10-year Treasury yields (^TNX).
- Boeing (BA) workers have voted in approval of the latest contract proposal put forth by the aircraft manufacturer, ending the International Association of Machinists and Aerospace Workers (IAM) union's nearly two-month long strike.
- Palantir (PLTR) shares pop on the software company's third quarter earnings beat, demand for AI software sending the stock nearly 17% higher in pre-market trading.
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