Traders work on the New York Stock Exchange trading floor during early trading on Nov. 7, 2024 in New York City.
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Stock index futures were lower Monday night as investors awaited key earnings reports from retailers and chipmakers NVIDIA This week.
Futures and Dow Jones Industrial Average down 0.08%. S&P Futures reduced by approximately 0.05%, while Nasdaq 100 Futures Trading volume fell 0.05%.
In after-hours trading, Trump Media & Technology Group Shares of the company fell about 4%, giving up earlier gains on news that the company was in talks to acquire cryptocurrency trading firm Bakkt. Walmart The stock rose 0.8% ahead of Tuesday’s pre-market earnings report.
Investors are awaiting earnings from Nvidia on Wednesday afternoon as the next major catalyst for the market. People will be watching the company’s demand for its Blackwell AI chips. The stock rose slightly after the close but fell 1.3% in regular trading on Monday.
About 93% of S&P 500 companies have reported quarterly results to date, with three-quarters Exceeded expectations Revenue beat expectations by more than 60%, according to FactSet.
Stocks have attempted a comeback in recent trading sessions. High-tech Nasdaq Index It rose 0.6%, snapping a four-day losing streak, while the S&P 500 gained about 0.4%. The Dow Jones Industrial Average fell about 55 points, or 0.1%, marking the 30-stock index’s third consecutive session of losses. Last week, worries about the future path of interest rates triggered a post-election sell-off amid a strong economy and labor market.
Although some on Wall Street view the broader market as expensive, several major companies raised their 2025 targets for the S&P 500, citing optimism about longer-term interest rate cuts and hopes for a more business-friendly president in the future.
“The market has been on an upward trend due to a strong economy, continued interest rate cuts from the Federal Reserve and strong third-quarter earnings,” said Andrew Slimmon, head of the applied equity advisory team at Morgan Stanley Investment Management. “The market conditions for the stock market are good and investing Investors won’t see the pullback they want.”
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