A trader works on the floor of the New York Stock Exchange (NYSE) as the market opens on November 26, 2024 in New York City.
Timothy A. Clary | AFP | Getty Images
U.S. stock futures were little changed late Wednesday after gains in technology stocks Nasdaq Index Breaking through the 20,000 point level for the first time.
Futures and Nasdaq 100 Index It fell about 0.2%. S&P 500 Index Futures It fell slightly by 0.1%. Dow Jones Industrial Average Futures It fell 55 points, or 0.1%.
In the field of extended trading, software giants adobe The company’s shares fell more than 8% as its revenue guidance for the quarter fell short of expectations.
During the regular trading session on Wednesday, the Nasdaq rose about 1.8%, surpassing the 20,000-point mark, setting a record high and setting a new closing record. vast market S&P 500 Index Add 0.8%. At the same time, 30 stocks Dow Chemical Underperforming, down about 99 points, or 0.2%.
Mark Hackett, Nationwide’s head of investment research, said stocks were “rebounding from a poor start to the week”.
To be sure, “expectations have improved and valuations are at their highest levels since the tech bubble,” Hackett added. “While seasonal and technical tailwinds will be supportive through the end of the year, as risks and With returns under review, investors are likely to become more discerning and selective next year.”
November’s consumer price index report It was also in line with economists’ expectations, leading investors to expect the Federal Reserve to cut interest rates again at next week’s policy meeting. The Consumer Price Index (CPI), which tracks the price of a basket of goods and services, rose 0.3% month-on-month, with a 12-month growth rate of 2.7%. Federal funds futures trading data reflected a nearly 99% chance that central bank policymakers will cut interest rates next week, according to the Federal Reserve. CME FedWatch Tool.
More inflation data will be released Thursday morning with the release of the November producer price index report. Economists polled by Dow Jones expected a monthly gain of 0.2%. Weekly jobless claims are also due.
In terms of profits, chip giants Broadcomhome furnishing company relative humidity and large retailers costco wholesale Results will be announced after the market closes.
