Traders at the New York Stock Exchange began their day on November 13, 2024, with S&P 500 futures nearly unchanged, signaling a promising week despite Friday’s slight fluctuations. Futures for this broad index dropped a mere 0.1%, while Nasdaq-100 futures saw a 0.2% decline, and Dow Jones Industrial Average futures added 8 points, maintaining a flat trajectory.
On the individual stock front, Nvidia, a standout in the artificial intelligence sector, dipped 0.5% in premarket trading following its recent earnings report. Meanwhile, tech giants Meta Platforms and Alphabet also experienced declines. These shifts followed an upbeat session on Wall Street, with the Dow Jones gaining over 400 points and the S&P 500 rising by 0.5%. The Nasdaq Composite, however, only saw slight gains.
All three major U.S. indices are poised for a weekly increase, spearheaded by the Nasdaq Composite’s 1.56% rise. This marks a turnaround from the previous week when Wall Street’s post-election momentum waned. According to Nuveen’s CIO, Saira Malik, the markets are stabilizing due to a post-election recovery and reactions to Nvidia’s earnings.
Earnings reports played a critical role in after-hours trading. Gap’s stock surged 15% following a robust earnings report and an increased sales forecast for the year. Conversely, Intuit’s stock fell over 3% despite surpassing earnings expectations.
As the week wraps up, investors are anticipating preliminary November purchasing managers index reports and a fresh consumer sentiment evaluation. Additionally, market watchers are closely monitoring Bitcoin’s performance, as it hovers just below the significant $100,000 mark. This blend of earnings performance and economic indicators keeps investors engaged as they navigate a landscape teetering towards growth.
Original Story https://www.cnbc.com/2024/11/21/stock-market-today-live-updates.html
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