Traders work on the trading floor of the New York Stock Exchange (NYSE) after Republican Donald Trump won the US presidential election on November 6, 2024 in New York, USA.
Andrew Kelly | Reuters
U.S. stock futures were little changed late Wednesday as the major indexes’ post-election moves began to show signs of stalling.
Dow Jones Industrial Average Futures rose 7 points. S&P 500 Index Futures is close to the flat line, while Nasdaq 100 Futures down 0.04%.
CNH Industrial shares rose about 8% in after-hours trading after Greenlight Capital’s David Einhorn told attendees at CNBC’s Delivering Alpha conference that he had a mid-cap position in the agricultural equipment company.
Wednesday, 30 stocks Dow Chemical and S&P 500 Index The regular trading day closed close to flat, with the former rising 47.21 points, or 0.11%, and the latter barely rising 0.02%. The Nasdaq closed down 0.26%.
These measures were introduced after the October consumer price index was released as scheduled, but still showed that the Fed’s fight against inflation has not yet been won. Core CPI rose 0.3% for the third consecutive month, bringing the 12-month gain to 3.3%.
Investors are considering whether the post-election rally following Donald Trump’s decisive victory last week still has room to rise after pushing major stock indexes to new milestones. The Dow Jones closed above 44,000 points for the first time on Monday, while the S&P 500 and Nasdaq hit new highs.
Courtney Garcia, senior wealth advisor at Payne Capital Management, expects there is room for upside as cash remains on the sidelines as investors await more certainty from the market.
“I don’t think the rally is necessarily over in the short term, but as new money comes in, I think there’s still room for opportunity in a lot of other areas,” Garcia said Wednesday on CNBC’s “Closing Bell.”
In terms of economics, October Producer Price Index It will be released on Thursday, with a retail sales report due on Friday. Federal Reserve Chairman Jerome Powell will deliver a speech in Dallas, Texas on Thursday.
elsewhere, disney Earnings are released before the market opens on Thursday.