Traders work on the trading floor of the New York Stock Exchange on December 2, 2024.
Brendan McDermid | Reuters
Index futures were hovering near flat lines Monday night after both the S&P 500 and Nasdaq Composite retreated from all-time highs.
Futures and Broad market index fell 0.08%, while Nasdaq 100 Futures It fell slightly by 0.08%. Dow Jones Industrial Average Futures A loss of 22 points, or 0.05%.
In an extension transaction, Oracle The stock price fell more than 7%. Published by database software company Second fiscal quarter results That fell short of Wall Street expectations.
Major stock indexes fell during the regular trading session. this S&P 500 Index and Nasdaq Index Dragged down by a decline of more than 2%, it fell by about 0.6% NVIDIA. Chinese regulators say they are investigating the chip giant possible violations The country’s antitrust laws. Other tech giants ended lower, including meta platform, Amazon and Netflix.
“We’ve heard that the tech industry has been on and off for five years, but there’s no better place to be,” said Nancy Tengler, CEO of Laffer Tengler Investments. “Yes, the market is expanding, which is a good thing, but without technology, Markets and economies will be in trouble.”
On the economic reporting front, the National Federation of Independent Business’ small business survey will be released Tuesday morning.
The main event this week is the US Consumer Price Index report, which will be released on Wednesday and may influence the direction of interest rates at the Federal Reserve’s December 17-18 meeting. Economists surveyed by Dow Jones forecast overall inflation to rise 0.3% in November, up 2.7% from the previous 12 months.
Several prominent companies also reported results on Tuesday, including game station and Dave and Buster.
