The S&P 500 climbed on Friday, buoyed by a surprising jobs report that boosted investor confidence in the economy's health. The broad index increased by 0.5%, while the Nasdaq Composite surged 0.9%.
Preliminary earnings reports are typically released ahead of formal quarterly financials and allow companies to provide updated guidance. Dow, Nucor, and Corning, each exposed to the macroeconomy, issued preannouncements in September. AI, global demand, and supply chains are key variables as we head into year-end.
US stocks are expected to slip lower when Wall Street begins trading on Wednesday, joining most European markets in the red. Dow Jones futures fell 0.3% ahead of the open, while those for the S&P 500 are down 0.2% and for the Nasdaq 100 they are 0.1% lower.
The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Earnings season is on the way.
We start a new trading day quietly, albeit at record-high levels on the blue-chip Dow and S&P 500 indexes. We're lower at this hour, but unconvincingly so: the Dow is -121 points, -0.28%, the S&P -0.11%, the Nasdaq -0.02% and the small-cap Russell 2000 is at -0.15%.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling around 300 points during on Monday.
Dow Jones stock leader Amazon.com, Tesla stock and Wingstop are approaching new buy points on the stock market today.
Nike earnings are seen tumbling with the Dow giant bringing in a new CEO to right the ship. Nike stock rose on that news, but is off sharply in 2024.
U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 200 points during on Monday.
U.S. stocks settled mixed on Friday, with the Dow Jones index surging to a fresh record high level during the session. Major indices recorded gains for the third straight week, with the Dow and S&P 500 gaining around 0.6% last week.
U.S. stocks traded higher this morning, with the Dow Jones index rising more than 100 points on Friday.
Amazon has an especially big tailwind from AI. The Home Depot should benefit from the Fed's rate cuts.