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The Street
The Street
Business
Rob Lenihan

Five Things to Know: Stocks slide, Powell speaks, American Express rings up record profits

1. Stock Market Today: Stock futures slide, oil surges amid Mideast tension

Stock futures are down as Federal Reserve Chairman Jerome Powell struck a neutral tone on rate hikes during a key policy speech.

2. American Express reveals record profits, 'robust' spending in Q3 earnings report

The financial services giant says travel and entertainment spending remained robust in the quarter.

3. Schlumberger tops third-quarter earnings, misses on revenue

The oil services company says quarterly performance was driven by 'broad-based growth across Saudi Arabia, the United Arab Emirates, Indonesia, China, Malaysia, Kuwait, and Oman.'

4. Oil prices climb as Mideast tensions increase and geopolitical risks soar

Israeli Defense Minister Yoav Gallant told troops gathered at the Gaza border that they would soon see the Palestinian enclave 'from inside.'

5. Stock futures lower as Wall Street takes in Powell's comments on U.S. economy

Fed Chair Powell says 'a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal.'

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