Reporters reported that the Dow futures index today (November 9, 65), fell more than 100 points as investors watched the results of the mid-term elections. and US inflation figures, at 7:22 pm Thai time, the Dow Jones Industrial Average fell 118 points, or 0.36%, to 33,057 points.
Shares in Meta Platforms, the parent company of Facebook and Instagram, jumped more than 4 percent in pre-Wall Street trading today. After the company announced major layoffs.
Meta announced more than 11,000 redundancies today, or 13% of its workforce of more than 87,000.
by announcing the layoffs of such employees This was the biggest job cut in the 18-year history of the meta, formerly known as Facebook. As the company faces rising costs it has reduced advertising revenue
Meta previously revealed that the company posted a lower-than-expected third-quarter profit, while losses from its Metaverse business reached $9.4 billion, or more than 346 billion baht since the beginning of the year.
CNN reported that the latest mid-term election results showed that Republicans and Democrats secured 48:48 of the 100 seats in the Senate, with both parties wanting more than 50 seats to occupy a majority in the Senate.
However, if Democrats only get 50 seats in the Senedd It is still in an advantageous position over the Republican Party. Because if a vote in any measure is found to have equal votes 50:50 Mrs. Kamala Harris, Vice President of the United States. who belongs to the Democratic Party can cast a decisive vote as President of the Senedd
In the House of Representatives, CNN reported that the latest results show that Republicans can win more seats than the Democrats, namely 199:178 out of 435, with the party winning 218. Majority in the House of Representatives
The US Department of Labor will release the Consumer Price Index (CPI), a measure of inflation based on consumer spending. October tomorrow
Analysts expect the CPI to indicate that US inflation has passed its peak.
The core CPI, which excludes food and energy, rose 6.5 per cent year-on-year in October. slowed by 6.6% in September
On a monthly basis, the core CPI is expected to rise 0.5% in October from 0.6% in September.
