financetom
Market
financetom
/
Market
/
US STOCKS-Futures mixed after previous week's slide as focus shifts back to earnings
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS-Futures mixed after previous week's slide as focus shifts back to earnings
Nov 19, 2024 8:44 PM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Futures: Dow down 0.19%, S&P 500 up 0.07%, Nasdaq up 0.41%

Nov 18 (Reuters) - U.S. stock futures were mixed on

Monday, as investors awaited key corporate results, particularly

from Nvidia ( NVDA ), following significant declines on Wall Street the

previous week.

Rising expectations the Federal Reserve will slow its pace

of rate cuts and uncertainty over the impact of U.S.

President-elect Donald Trump's cabinet appointments saw indexes

slump on Friday.

The S&P 500 and the Nasdaq pulled back from

record highs, seeing their worst weekly losses in more than two

months.

Results from AI-chip heavyweight Nvidia ( NVDA ), which

reports third-quarter earnings on Wednesday, will be crucial, as

investors assess whether the AI-optimism responsible for much of

markets' tech-driven rally can continue.

Nvidia ( NVDA ) fell 2.7% in premarket trading. Its revenue is

forecast to jump more than 80% to $33 billion, according to LSEG

data, and the company is expected to post a net income of $18.4

billion.

"Given that its (Nvidia's ( NVDA )) more recent earnings 'beats' have

been dwindling in size, this report will have to beat estimates

more than comfortably, especially with broader valuations

looking rather lofty and bond yields turning back higher after a

brief respite," said Marc Ostwald, chief economist and global

strategist at ADM Investor Services International.

Other megacaps edged higher, with Nasdaq 100 futures gaining

ground after the index fell for five consecutive

sessions. Alphabet rose 0.3%, Amazon.com ( AMZN ) was

up 0.8% while Tesla soared 8.1%.

Earnings from major retailers including Walmart ( WMT ),

Lowe's Companies and Target ( TGT ) this week will also

be scrutinized to gauge the strength of the U.S. consumer as the

key holiday shopping season is set to begin.

At 5:35 a.m. ET, Dow E-minis were down 82 points,

or 0.19%, S&P 500 E-minis were up 4.25 points, or 0.07%,

and Nasdaq 100 E-minis were up 84 points, or 0.41%.

Stock indexes have lost some of the sharp gains made in the

wake of Trump's decisive presidential election win, as optimism

over the Republican's potentially pro-business stance has given

way to focus on the inflationary impact of his policies and the

outlook for the U.S. Federal Reserve's interest-rate path.

Chicago Fed President Austan Goolsbee is expected to speak

on the day, the first of several central bank officials slated

this week. Their comments will be followed closely after Chair

Jerome Powell said the Fed was in no hurry to cut rates.

Traders are pricing in a 38% chance the Fed will keep rates

on hold in December, according to the CME FedWatch.

Still, Wall Street remains fairly well placed heading into

the year-end. The benchmark index has gained nearly 3% in

November and 23% year-to-date as solid economic data, the

presidential election and broadly upbeat earnings have propelled

equities to record highs.

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 >
Super-long JGB yields extend climb from multi-week lows after weak auction
Super-long JGB yields extend climb from multi-week lows after weak auction
May 27, 2025
(Updates prices following 40-year bond auction results) By Kevin Buckland TOKYO, May 28 (Reuters) - Long-dated Japanese government bond yields rose further from three-week lows on Wednesday, after demand at a closely watched 40-year bond auction dropped to its lowest level since July. The 40-year JGB yield jumped 9 basis points (bps) to 3.375%, as of 0514 GMT, rebounding sharply...
Dick's Sporting Goods, Nvidia And 3 Stocks To Watch Heading Into Wednesday
Dick's Sporting Goods, Nvidia And 3 Stocks To Watch Heading Into Wednesday
May 27, 2025
With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects DICK’S Sporting Goods Inc. to report quarterly earnings at $4.34 per share on revenue of $3.59 billion before the opening bell, according to data from Benzinga Pro. Dick’s Sporting shares fell 0.5% to $173.29...
COLUMN-Historic dollar fall needed to eliminate US trade deficit: McGeever
COLUMN-Historic dollar fall needed to eliminate US trade deficit: McGeever
May 27, 2025
ORLANDO, Florida, May 27 (Reuters) - If the United States is to significantly reduce or, whisper it, eliminate its trade deficit, the dollar will probably have to weaken a lot. How much is unclear, though, as history shows large dollar declines are rare and have unpredictable consequences for trade. Reducing the U.S. trade deficit is the key goal of President...
Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Nvidia, AMC, PDD Holdings, Trump Media And Tesla: Why These 5 Stocks Are On Investors' Radars Today
May 27, 2025
U.S. markets closed higher on Tuesday, with the S&P 500 ending the day 2.05% higher at 5,921.54, while the Dow Jones Industrial Average rose 1.8% to 42,343.65. The Nasdaq also spiked nearly 2.5% to 19,199.16. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corp. ( NVDA ) saw a rise of 3.21%, closing...
Copyright 2023-2025 - www.financetom.com All Rights Reserved