Stock futures remained steady on Sunday night after a turbulent week. Valuation concerns, market shifts, and changing expectations from the Federal Reserve put pressure on the artificial intelligence sector.
The Dow Jones Industrial Average futures dipped 58 points, about 0.1%. Meanwhile, the S&P 500 and Nasdaq-100 futures were stable.
Last week, the Nasdaq Composite fell by 0.5%. It faced declines from major players like Alphabet, Amazon, Broadcom, and Meta Platforms. On the brighter side, the Dow Jones and S&P 500 managed slight gains, despite significant drops on Thursday.
Tom Lee, head of research at Fundstrat, noted, “November started off choppy, and we’re definitely seeing that. While some worries, like the governmental shutdown and the New York City mayoral election, have settled, others still loom large.” He predicts that this turbulence could lead to a rally that might push the S&P 500 beyond 7,000 points.
Investors are keenly awaiting more insights into AI this week. Nvidia will report earnings on Wednesday, which could shed light on the sector’s performance. Additionally, major retailers like Walmart and Home Depot will share their quarterly results, providing a glimpse into consumer spending trends.
Recent data shows that consumer sentiment is slowly improving. According to a survey by the University of Michigan, consumer confidence rose to 64.0 in October, indicating a better outlook amid economic uncertainties. This could influence how investors react in the coming days.
In summary, while the market faces challenges, expert insights suggest potential for recovery. With key earnings reports on the horizon, market watchers are eager to see how these developments will impact trading.
Source link
Breaking News: Markets,Stock markets,Markets,United States,NASDAQ 100 Fut (Sep'25),S&P 500 Fut (Sep'25),Dow Jones Fut (Sep'25),business news
