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Tuesday, October 24, 2023

Tuesday Market Watch

There are no official reports for Tuesday, but several earnings reports will get traders' attention, including reports from ADM, Alphabet (Google), GM, Microsoft and others. Traders are also interested in South American weather, rain in this week's U.S. forecast and news from the wars in Israel and Ukraine.

Weather

The setup for heavy precipitation continues in the middle of the country Tuesday with remnants of a tropical storm moving through Texas into Missouri throughout the day. A front from Nebraska to Wisconsin is also an area that could see precipitation but is the dividing line of colder air to the north and warm air to the south. Another, stronger cold front is moving through the Canadian Prairies, where snow is common today.