financetom
Market
financetom
/
Market
/
Post-Election Rally Subsides, Driving Muted Premarket Action for US Equity Futures
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Post-Election Rally Subsides, Driving Muted Premarket Action for US Equity Futures
Nov 9, 2024 12:06 PM

08:05 AM EST, 11/07/2024 (MT Newswires) -- US equity futures were little changed Thursday as the post-election rally subsides.

The Dow Jones Industrial Average futures gained 0.1%, S&P 500 futures increased 0.2%, and Nasdaq futures were up 0.3%.

Major equity benchmarks closed higher Wednesday after Donald Trump won the presidential election.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $74.38 per barrel and US West Texas Intermediate crude down 0.8% at $71.08 per barrel.

New unemployment claims, scheduled for release at 8:30 am ET, are expected to rise to 223,000 in the week ended Nov. 2 from 216,000 in the preceding week. Nonfarm productivity is seen rising at a 2.6% rate in Q3, while unit labor costs are expected to increase by a 1.1% rate.

The Federal Open Market Committee is scheduled to release a policy statement at 2 pm ET.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TREASURIES-US yields dip slightly as traders look to Fed meeting
TREASURIES-US yields dip slightly as traders look to Fed meeting
Mar 19, 2024
March 19 (Reuters) - U.S. Treasury yields ticked down on Tuesday from their near-February highs, as traders look ahead to the Federal Reserve's press conference on Wednesday for signs of its interest rate path for the rest of the year. Benchmark 10-year notes' yields fell to 4.312%, from their close of 4.340% on Monday. Yields had approached their February high...
US STOCKS-Nasdaq dips as chipmakers slide; S&P 500 treads water with Fed in focus
US STOCKS-Nasdaq dips as chipmakers slide; S&P 500 treads water with Fed in focus
Mar 19, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Crypto-related stocks drop as bitcoin falls * Most chip stocks under pressure, Nvidia ( NVDA ) falls * Indexes: Dow up 0.52%, S&P up 0.04%, Nasdaq down 0.26% (Updated at 11:35 a.m. ET/1535 GMT) By Bansari Mayur Kamdar and...
Gold Edges Down as the Dollar Moves Higher with the Fed Expected to Leave Interest Rates Unchanged
Gold Edges Down as the Dollar Moves Higher with the Fed Expected to Leave Interest Rates Unchanged
Mar 19, 2024
09:08 AM EDT, 03/19/2024 (MT Newswires) -- Gold moved lower early on Tuesday as the dollar strengthened ahead of the start of the two-day meeting of the Federal Reserve's policy committee. Gold for June delivery was last seen down US$3.70 to US$2,182.20 per ounce. The Federal Open Markets Committee will begin its meeting later on Tuesday and is widely expected...
US STOCKS-S&P 500, Nasdaq fall in lead-up to Fed meeting; chip stocks down
US STOCKS-S&P 500, Nasdaq fall in lead-up to Fed meeting; chip stocks down
Mar 19, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Crypto-related stocks drop as bitcoin falls * Most chip stocks under pressure, Nvidia ( NVDA ) falls * Indexes: Dow up 0.11%, S&P off 0.23%, Nasdaq down 0.71% (Updated at 9:52 a.m. ET/1352 GMT) By Bansari Mayur Kamdar and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved