US CB Leading Index Holds Steady in September as Corporate Earnings and M&A Deals Drive Market
Newsquawk ·
The US Conference Board Leading Index for September registered 0 percent, beating the anticipated negative 0.1 percent and remaining unchanged from the previous month's unrevised reading. In corporate developments, Visa is reportedly in late-stage talks to acquire Fireblocks for 2.5 billion dollars, while Infeneum explores an 8 billion dollar sale. Union Pacific reported third-quarter 2026 adjusted EPS of 3.53 dollars on revenue of 7.20 billion dollars, both topping estimates. Procter & Gamble posted first-quarter 2027 adjusted EPS of 2.00 dollars with revenue reaching 23.3 billion dollars. Nebius secured a 3.5 billion dollar financing facility with Citi, featuring a 364-day maturity. Additionally, Lockheed Martin and Dow finalized a ten-year deal with the US Department of War regarding the F-35 program, as markets also digested weekly jobless claims showing initial claims at 194 thousand.
AI 시장 분석
The US September Conference Board Leading Economic Index came in at 0%, beating the expectation of -0.1%, and weekly initial jobless claims were 194,000, falling below the expected 200,000, recording favorable economic indicators. Q3 earnings of major companies showed mixed results, but strong earnings from large-caps in defense and retail supported the indices. Investors are focusing on individual company fundamentals and the possibility of a macroeconomic soft landing.
상승 영향
- Defense — Long-term earnings growth is expected as order backlogs surged due to large-scale 10-year F-35 related contracts signed between the US Department of Defense, Lockheed Martin, and Dow.
- Energy — Valero Energy (VLO) reported Q3 adjusted EPS of $23.90, significantly beating the estimate of $20.90, proving the profitability improvement of the refining sector.
하락 영향
- Electric Vehicles — Downward pressure is acting on the overall EV sector in the short term as concerns over Tesla's (TSLA) stock price decline and sluggish earnings are raised.
- Real Estate — Concerns over slowing housing demand are growing as PulteGroup (PHM) provided lowered guidance for Q4 housing completions and average selling prices.
DYAX 전담 분석
The flat US leading economic index and the decrease in jobless claims eased concerns over the labor market and economic recession, drawing moderate buying into the stock market. In particular, large-scale contracts and strong earnings of defense and materials stocks, such as Lockheed Martin and Dow, drove the stock prices of related sectors higher.
Depending on the direction of future economic indicators, the soft-landing scenario and the interest rate pressure scenario due to resurging inflation are expected to coexist. The trends of the upcoming employment report and ISM manufacturing index must be closely monitored.
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