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 >
Sector Update: Health Care Stocks Ease in Tuesday Afternoon Trading
Sector Update: Health Care Stocks Ease in Tuesday Afternoon Trading
May 14, 2024
02:03 PM EDT, 05/14/2024 (MT Newswires) -- Health care stocks were decreasing Tuesday afternoon, with the NYSE Health Care Index fractionally lower and the Health Care Select Sector SPDR Fund (XLV) down 0.1% The iShares Biotechnology ETF (IBB) rose 0.3%. In corporate news, Syra Health ( SYRA ) said Tuesday it has secured a subcontractor role with LUKE, a prime...
Update: Gold Moves Higher as the Dollar and Yields Fall Even as a US Inflation Measure Rose More than Expected
Update: Gold Moves Higher as the Dollar and Yields Fall Even as a US Inflation Measure Rose More than Expected
May 14, 2024
02:00 PM EDT, 05/14/2024 (MT Newswires) -- (Updates prices.) Gold traded higher midafternoon on Tuesday as the dollar and treasury yields weakened even after another measure showed US inflation continued to run hot last month. Gold for June delivery was last seen up US$17.00 to US$2,360.00 per ounce. The US Bureau of Labor Statistics on Tuesday reported the producer price...
Update: WTI Oil Closes at a Two-Month Low as a US Inflation Measure Rose More Than Expected in April
Update: WTI Oil Closes at a Two-Month Low as a US Inflation Measure Rose More Than Expected in April
May 14, 2024
02:37 PM EDT, 05/14/2024 (MT Newswires) -- West Texas Intermediate (WTI) crude oil closed at a two-month low on Tuesday as a US inflation measure rose more than expected, further dimming hopes for the stimulus of a US interest-rate cut, while OPEC reiterated its optimistic 2024 demand forecast. WTI crude for June delivery closed down US$1.10 to settle at US$78.02...
TREASURIES-Yields fall as traders wait on consumer inflation report
TREASURIES-Yields fall as traders wait on consumer inflation report
May 14, 2024
(Updated at 1500 EDT) By Karen Brettell May 14 (Reuters) - Treasury yields fell on Tuesday ahead of a highly anticipated consumer price inflation report on Wednesday that analysts say is likely to drive near-term Federal Reserve policy. Higher-than-expected consumer prices in the first quarter of the year raised concerns that the Fed will be unable to cut interest rates...
Copyright 2023-2025 - www.financetom.com All Rights Reserved