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Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note.

Search and advertising giant Alphabet Inc. GOOG GOOGL kicked off the highly anticipated tech earnings week on a strong note. The Sundar Pichai-led company posted strong momentum across verticals, beating revenue and earnings per share (EPS) expectations.

Advanced Micro Devices Inc. AMD, on the other hand, fell 8% in premarket trading after the chipmaker’s fourth-quarter guidance disappointed investors. That said, AMD beat revenue expectations in Q3.

The remaining four of the “Magnificent 7” companies will post their earnings this week – this includes Apple Inc. AAPL, Microsoft Corp. MSFT, Meta Platforms Inc. META, and Amazon.com Inc. AMZN.

In premarket trading on Monday, the SPDR S&P 500 ETF Trust SPY rose 0.20% to $582.95 and the Invesco QQQ ETF QQQ gained 0.15% to $500.90, according to Benzinga Pro data.

Cues From Last Session:

Investors remained cautious, with most sectors on the S&P 500 index closing the day in the red.  However, information technology and communication services stocks bucked the overall market trend, closing the session higher.

Crude oil prices remained tentative and kept their levels after tumbling over the weekend due to Israel’s missile strikes on Iran.

Treasury yields eased slightly on Tuesday after running up over the past week. However, a possible re-election of former President Donald Trump could keep the bond yields elevated due to an increased fear of higher deficits, according to WisdomTree and Wharton School economist Jeremy Siegel.

Besides, the International Monetary Fund has also warned about the long-term trajectory of U.S. national debt

Tech stocks helped the Nasdaq Composite index surge to a new all-time high.

Insights From Analysts:

Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that November is the “best month of the year” as far as equity markets are concerned.

“The last time it fell more than 1% was in 2008, and it has been higher in 11 of the past 12 years. Not to be outdone, it is the best month since 1950, in the past decade, and in election years, while it ranks as the second-best month in the past 20 years (only July is better).”

Detrick added that the bull market is here to stay. After experiencing a bull run for the past three years, the expert highlighted that “the potential for many more years of gains is actually quite high.”

That said, he explains that while it’s not clear how long this rally will last, investors should be open to the possibility that there’s more gas left in the tank.

Mike Mayo, Wells Fargo Securities managing director, told CNBC in an interview that regardless of who wins the 2024 presidential election, financials stocks will benefit.

“Wall Street likes certainty over uncertainty,” Mayo said, referring to the rules on stress tests and other parameters to measure the health of financial institutions.

“The second thing is common sense regulation. You’ve already seen this put in place by the current administration… they rolled back the 1000-page report on capital changes.”

On the economic data front, the S&P CoreLogic Case-Shiller home price index rose 5.2% year-over-year in August versus a 5.9% gain in July.

U.S. wholesale inventories declined by 0.1% month-over-month to $905 billion in September compared to a revised 0.2% gain in the earlier month.

The U.S. trade deficit increased to $108.2 billion in September from the $94.2 billion gap in the previous month.

See Also: Best Futures Trading Software

Upcoming Economic Data:

• Mortgage Market and Refinance indices will be released at 7 a.m. ET.
• ADP employment numbers will be released at 8:15 a.m. ET.
• The preliminary GDP print is scheduled to be released at 8:30 a.m. ET.
• Pending home sales data is scheduled to be released at 10 a.m. ET.
• Crude oil inventories data will be released at 10:30 a.m. ET.

Stocks In Focus:

• Alphabet Inc. GOOG GOOGL shares surged nearly 6% in premarket trading after the search giant reported an AI-powered boost in its revenue in Q3, which beat expectations and surged 15% year-on-year.
• Advanced Micro Devices Inc. AMD stock felt the pressure, falling 8% in premarket trading after its Q4 revenue guidance fell short of expectations. Other chipmakers, Qualcomm Inc. QCOM and Intel Corp. INTC felt the pressure, too, falling 5% and 0.3% in premarket, respectively.
• Snap Inc. SNAP shares surged 1.5% in premarket after the company posted slightly better-than-expected revenue, aided by AI.
• Reddit Inc. RDDT shares jumped nearly 24% after the social media company handily beat revenue expectations thanks to its data licensing and advertising sales.
• Chewy Inc. CHWY shares were down 1.8% in premarket after “Roaring Kitty” Keith Gill reported in a securities filing that he does not hold a stake in the company anymore.
• Investors are awaiting earnings results from Meta Platforms Inc. META, Microsoft Corp. MSFT, Starbucks Corp. SBUX, Coinbase Global Inc. COIN, and Robinhood Markets Inc. HOOD today.

Commodities, Bonds And Global Equity Markets:

Crude oil futures gained in the early New York session, rising 1.03% as preliminary data showed a decline in U.S. inventory levels.

The benchmark 10-year Treasury note yield declined marginally to 4.22%.

Most Asian markets closed in the red on Wednesday, with Chinese markets falling the most, while Japan’s Nikkei 225 gained.

European stocks were mostly lower in early trading.

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Wilmington, Delaware, United States, Transparency Market Research, Inc. , Oct. 30, 2024 (GLOBE NEWSWIRE) — The global gas turbine market (سوق بطاريات القطارات) is estimated to flourish at a CAGR of 4.8% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for gas turbine is estimated to reach US$ 54.8 billion by the end of 2031.

A prominent driver is the emergence of distributed energy systems. With a growing need for reliable power supply in remote areas and critical facilities, decentralized energy solutions utilizing gas turbines offer flexibility and resilience.

Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70260

Some prominent players are as follows:

• Ansaldo Energia
• GE Power
• Kawasaki Heavy Industries Ltd.
• Siemens Energy AG
• Capstone Green Energy Corporation
• Mitsubishi Heavy Industries Ltd.
• United Engine Corporation
• Harbin Electric Corporation
• OPRA Turbines
• Solar Turbines Incorporated

Advancements in additive manufacturing technologies are revolutionizing gas turbine design and production processes. 3D printing allows for the creation of intricate components with improved performance and durability, thereby enhancing turbine efficiency and reducing manufacturing costs.

The rise of microgrids presents a unique opportunity for gas turbines. These localized energy networks integrate various distributed energy resources, including gas turbines, to optimize power generation and consumption, especially in areas prone to grid instability or outages.

The increasing focus on energy storage solutions complements gas turbine operations. By integrating energy storage systems with gas turbines, operators can enhance grid stability, manage peak demand more effectively, and facilitate greater renewable energy penetration.

Key Findings of the Market Report

• Turbofan engines lead the gas turbine market, offering a balance of fuel efficiency and thrust, making them prominent in aviation and aerospace applications.
• The 60 MW-150 MW rating capacity segment emerges as the leading force in the gas turbine market, driving innovation and demand.
• Heavy-duty gas turbines lead the gas turbine market due to their high power output and efficiency, catering to large-scale industrial and power generation applications.

Gas Turbine Market Growth Drivers & Trends

• Growing emphasis on renewable energy integration and hybrid solutions to enhance overall efficiency and sustainability, driving demand for advanced gas turbine technologies.
• Increasing environmental regulations globally propel the adoption of low-emission gas turbines, fostering innovation and technological advancements in the market.
• Rapid urbanization and industrial expansion, particularly in Asia Pacific, spur the demand for reliable and efficient power generation, boosting the gas turbine market.
• Integration of digital solutions and smart technologies like predictive maintenance and real-time monitoring enhance operational efficiency, reducing downtime and overall lifecycle costs for gas turbines.
• Large-scale infrastructure projects worldwide, including power plants and grid modernization initiatives; fuel the demand for gas turbines, providing reliable and flexible energy solutions for diverse applications.

Global Gas Turbine Market: Regional Profile

• North America, a mature market, boasts a robust industrial base and a focus on energy security. Major players like GE Power and Siemens AG dominate, propelled by stringent emissions regulations and a drive towards cleaner energy solutions. The region’s shale gas abundance further fuels demand for efficient power generation, bolstering market growth.
• In Europe, a stringent regulatory landscape fosters innovation and sustainability in the gas turbine sector. Companies like Siemens AG and Ansaldo Energia lead the charge, navigating the transition towards renewable integration and grid modernization. The emphasis on reducing carbon emissions and enhancing energy efficiency propels investments in advanced turbine technologies, driving market expansion across the continent.
• Asia Pacific emerges as a hotspot for gas turbine deployment, fueled by rapid industrialization and urbanization. Countries like China and India spearhead the region’s growth, driven by massive infrastructure projects and increasing energy demands. Key players such as Mitsubishi Hitachi Power Systems and Kawasaki Heavy Industries, Ltd. capitalize on these opportunities, offering tailored solutions for diverse applications. 

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70260

Gas Turbine Market: Competitive Landscape
The gas turbine market is a dynamic arena, driven by technological advancements, regulatory policies, and environmental concerns. Key players such as GE Power, Siemens AG, and Mitsubishi Hitachi Power Systems dominate, leveraging expertise and extensive R&D investments. Emerging contenders like Ansaldo Energia and Kawasaki Heavy Industries, Ltd. intensify competition with innovative solutions and strategic alliances.

Market dynamics also reflect regional variations, with Asia-Pacific witnessing rapid growth due to industrialization and infrastructure development. Stringent emissions standards and increasing focus on renewable integration reshape the landscape, compelling players to enhance efficiency and sustainability. The gas turbine market thrives amidst challenges, fostering innovation and collaboration.

Product Portfolio

• With a legacy of innovation, Ansaldo Energia pioneers cutting-edge solutions in gas turbines and power generation. Their commitment to reliability and sustainability ensures efficient energy production for a greener future.
• GE Power leads the industry with transformative technologies in power generation, renewable energy, and grid solutions. Their relentless pursuit of innovation and sustainability drives progress worldwide, powering communities and industries with efficiency and reliability.

Gas Turbine Market: Key Segments
By Engine Type

• Turbojet
• Turbofan
• Turboprop
• Turboshaft

By Rating Capacity

• Below 60 MW
• 60 MW-150 MW
• 150 MW-300 MW
• 300 MW-400 MW
• Above 400 MW

By Design

• Heavy-duty Gas Turbines
• Industrial Gas Turbines
• Aeroderivative gas turbines

By Application

• Steel Mills
• Marine
• Refineries
• Petrochemical
• Power Generation
• Others (Aircraft, Spacecraft, etc.)

By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=70260&ltype=S

More Trending Reports by Transparency Market Research – 

• Emergency Stop Switches Market– The emergency stop switches market size (سوق مفاتيح التوقف في حالات الطوارئ) is estimated to grow at a CAGR of 6.4% from 2022 to 2031 and reach US$ 3.07 Billion by the end of 2031.
• Power Tiller Market– The global power tiller market (سوق محراث الطاقة) is expected to reach US$ 2.3 Billion by the end of 2031 and it is estimated to grow at a CAGR of 5.9% from 2022 to 2031.
• Gearbox & Gear Motors Market – The global gearbox & gear motors market (سوق علبة التروس ومحركات التروس) is expected to reach US$ 23.4 Billion by the end of 2034.
• Drilling Equipment Market – The global drilling equipment market (سوق معدات الحفر) is estimated to reach US$ 14.0 Billion by the end of 2034.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Delray Beach, FL, Oct. 30, 2024 (GLOBE NEWSWIRE) — The global Offshore Support Vessel Market size is expected to grow from USD 25.6 billion in 2024 to USD 36.3 billion by 2029, at a CAGR of 7.2% according to a new report by MarketsandMarkets™. An offshore support vessel (OSV) is specially designed to support offshore exploration, drilling, production, and construction activities in the oil & gas industry. These vessels provide a range of services, such as transportation of personnel, equipment and supplies, maintenance and repair, and oil spill response. OSVs are also used for specialized tasks such as platform installation, decommissioning, seismic surveying, providing firefighting, towing, and positioning of drilling rigs and other offshore structures, and subsea construction. These vessels are equipped with dynamic positioning systems to maintain their position in rough seas and are built to withstand harsh offshore conditions. Different types of offshore support vessels are used in offshore oil & gas and offshore wind applications. OSVs play a crucial role in offshore oil & gas and offshore wind farms by enabling safe and efficient operations.

The global offshore support vessel market is anticipated to grow at a higher level. There are various drivers responsible for the growth of the market such as government policies and incentives and technological advancements among others. The rising global demand for energy, particularly from developing countries, pushes the need for increased offshore exploration and production, subsequently driving the OSV market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1212

Offshore Support Vessel Market Scope:

Offshore Oil & Gas industry is expected to be the largest segment during the forecast period

The expansion of exploration and production activities in emerging offshore markets, particularly in deepwater reserves and Arctic regions, is creating significant new opportunities for offshore support vessel operators and manufacturers. These frontier areas are attracting substantial investments from oil and gas companies seeking to tap into previously unexplored or underexplored hydrocarbon reserves.

Deepwater reserves often found off the coasts of countries like Brazil, Guyana, and West Africa, present unique challenges and opportunities. The complex and demanding nature of deepwater drilling operations necessitates specialized support vessels equipped with advanced technology and capabilities. These vessels must be able to operate in harsh conditions, provide reliable support for drilling rigs, transport personnel and supplies, and ensure safety and efficiency in deepwater environments.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1212

Offshore Support Vessel Market Dynamics:

Drivers:

1. Increasing investments in offshore wind and oil & gas projects

Restraints:

1. Constant fluctuations in oil prices and requirement for huge capital to launch offshore support vessels
2. Supply–demand gap in offshore support vessels

Opportunities:

1. Decommissioning and replacement of aging offshore infrastructure
2. Increased ultra-deepwater exploration activities, especially in Arctic region

Challenges:

1. High operational risks for OSVs due to extreme offshore climatic conditions
2. Stringent regulations for offshore activities

North America is expected to be the fastest growing region in the Offshore Support Vessel Industry

The relentless global demand for energy continues to drive significant growth in offshore exploration and production activities, especially in resource-rich regions like the Gulf of Mexico. This area’s abundant oil and gas reserves attract major energy companies and independent operators, making it a prime target for exploration and production initiatives. Offshore support vessels (OSVs) play a crucial role in these ventures, providing essential services such as transporting supplies, equipment, and personnel, as well as performing specialized functions like anchor handling and subsea construction support. Technological advancements in OSV design, including dynamic positioning systems and automated tools, have enhanced operational efficiency and safety, further boosting their importance in offshore operations.

Key Market Players:

Some of the major players in the Offshore Support Vessel Companies are A.P. Moller-Maersk (Denmark), Tidewater Inc. (US), BOURBON (France), Edison Chouset Offshore (US), and Deltamarin Ltd (Europe).

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

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Offshore Wind Market

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MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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