Biggest stock movers today: Arcadium Lithium, Chinese stock names

Seeking Alpha
2024.10.09 05:29
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Stock futures remained stable as Wall Street experienced a tech-led rebound. Investors await the Fed minutes and the September Consumer Price Index report, which may impact future rate cuts. Rio Tinto is set to acquire Arcadium Lithium for $3.7 billion in an all-cash deal. Meanwhile, Chinese stocks fell over 5% amid a fading stimulus rally, with China announcing a special bond to support the economy but no major stimulus measures.

Stock futures were trading little changed on Wednesday after a tech-led rebound on Wall Street in the previous session ahead of Fed minutes to gain fresh insights on the monetary policy path. Markets also look forward to the September Consumer Price Index report on Thursday that could influence the trajectory of Fed rate cuts.

  • Rio Tinto to acquire Arcadium Lithium for $6.7B in all-cash deal

  • China stock plunges over 5% in Asia-Pacific market's mixed trade as stimulus rally fades

  • China announces special bond to support economy, no major stimulus

  • Rio makes takeover approach to Arcadium Lithium

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