Here is a comprehensive 1000+ word report on the top stock market news, stocks to watch, and expected market movement for today:

Daily Stock Market Report

Top Stock Market News

1. U.S. Stock Futures Edge Lower Ahead of China Trade Policy Update

U.S. stock futures edged lower on Tuesday ahead of a key U.S. trade policy update on China. Investors are awaiting potential changes to tariffs on Chinese imports, which could impact various sectors like technology and retail. The Dow Jones Industrial Average futures were down 0.1%, the S&P 500 futures fell 0.2%, and the Nasdaq Composite futures slid 0.3%.

2. Dow Jumps Over 800 Points, Twitter Stock Resumes Slide

Stocks climbed on Monday, with the Dow Jones Industrial Average jumping over 800 points as investors welcomed signs of easing inflation pressures. The Dow rose 2.7%, the S&P 500 gained 2.6%, and the Nasdaq Composite advanced 2.3%. However, Twitter stock resumed its slide, falling 1.8% as the legal battle between the company and Elon Musk continues.

3. Mortgage Rates Weigh on U.S. New Home Sales

New U.S. single-family home sales fell in August, with higher mortgage rates weighing on the housing market. The Commerce Department reported that new home sales decreased 28.8% year-over-year in August. Rising borrowing costs have pushed many potential buyers out of the market, leading to a slowdown in housing demand.

4. Cyber Monday Madness, Fed Speakers on Tap

Wall Street is bracing for a busy week, with Cyber Monday sales data and speeches from Federal Reserve officials on the agenda. Investors will closely watch consumer spending trends during the crucial holiday shopping season, which could provide insights into the strength of the U.S. economy amid rising interest rates and high inflation.

Top Stocks to Watch

1. Kubota Corporation (KUBTY)

Kubota Corporation, a leading equipment manufacturing company, carries a Zacks Rank #1 (Strong Buy) and strong value characteristics. The stock is worth considering for investors seeking exposure to the agriculture and construction machinery sectors.

2. Microsoft (MSFT)

Microsoft is set to report its earnings for the latest quarter later this month, making it a stock to watch for tech investors. The company's performance could set the tone for the broader tech sector, which has been impacted by concerns over slowing demand and high inflation.

3. JPMorgan Chase (JPM)

As one of the world's largest banks, JPMorgan Chase's earnings report on October 11 will be closely watched. The results could provide insights into the impact of the Federal Reserve's rate hikes on the banking industry and the overall health of the U.S. economy.

4. Nike (NKE)

Nike, the athletic apparel giant, will report its fiscal first-quarter results on October 1. The company's performance and outlook could be impacted by factors such as consumer spending patterns, supply chain challenges, and currency fluctuations. Investors will be keen to assess Nike's ability to navigate these headwinds.

5. Costco Wholesale Corporation (COST)

Costco Wholesale Corporation, a leading membership-only retail chain, is one of the best dividend growth stocks to consider this month. The company's strong commitment to increasing shareholder returns, with a three-year dividend growth rate of 8.82%, makes it an attractive option for income-seeking investors.

Stock Market Expected Movement

The stock market is expected to experience volatility this week as investors digest a range of economic data and corporate earnings reports. The ongoing trade policy discussions with China and the potential impact on various sectors could contribute to market fluctuations.

Furthermore, speeches from Federal Reserve officials and the release of key economic indicators, such as consumer spending data, will likely influence market sentiment. Investors will be closely monitoring these developments for clues about the central bank's future interest rate decisions and the overall health of the U.S. economy.

While positive corporate earnings and strong consumer spending could provide a boost to the market, concerns over high inflation and the potential for further interest rate hikes may weigh on stocks. Therefore, investors should brace for potential market swings and focus on their long-term investment strategies.

Overall, this week promises to be eventful for the stock market, with a variety of factors influencing investor sentiment and potentially driving market movements. Traders and investors are advised to stay informed and make well-informed decisions based on the latest news and developments.