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US Equity Futures Waver Pre-Bell as Traders Search for Post-Election Cues
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US Equity Futures Waver Pre-Bell as Traders Search for Post-Election Cues
Nov 9, 2024 1:06 PM

08:05 AM EST, 11/08/2024 (MT Newswires) -- US equity futures were little changed Friday as traders searched for fresh cues after Donald Trump's win in the presidential election.

The Dow Jones Industrial Average futures flatlined, S&P 500 futures slipped less than 0.1%, and Nasdaq futures were down 0.2%, in-line with estimates compiled by Bloomberg.

Major indices rallied earlier in the week after Trump prevailed over Vice President Kamala Harris in the 2024 presidential election.

On Thursday, the Federal Open Market Committee cut its benchmark lending rate by 25 basis points to a new range of 4.5% to 4.75%.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.5% at $74.49 per barrel and US West Texas Intermediate crude 1.8% lower at $71.03 per barrel.

Consumer sentiment, scheduled for release at 10 am ET, is seen coming in at 71.0 in November versus a 70.5 reading in October, according to estimates compiled by Bloomberg.

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