Traders work as the New York Stock Exchange opens on November 13, 2024 in New York City.
Angela Weiss | AFP | Getty Images
S&P 500 Index Futures Stocks were nearly flat Thursday night as investors wondered what’s next for the market after a post-election rally faltered.
Futures linked to the Dow Jones Industrial Average Down 25 points, or 0.1%. S&P 500 futures also fell 0.1%, while Nasdaq 100 Futures down 0.2%.
In an extension transaction, Applied Materials The company’s shares fell more than 5% after the company reported weak revenue guidance for the quarter. Domino’s Pizza It has since risen by more than 7% Berkshire Hathaway announced new shares In a pizza chain.
The action follows a day of failure Wall Street also fell as the post-election economic recovery continues to show signs of weakness. this Dow Chemical Dropped more than 200 points intraday S&P 500 Index and Nasdaq Index Each fell about 0.6%.
Federal Reserve Chairman Jerome Powell said at an event in Dallas, The central bank is not “in a hurry” Lower interest rates. This comes after the Federal Reserve cut borrowing costs last week.
The three major stock indexes also ended the week lower, giving back some of the gains they made after Donald Trump won the presidential election last week. The Nasdaq fell 0.9% for the week, while the S&P 500 and Dow Jones fell 0.8% and 0.5% respectively.
“Investors are taking a breath and assessing whether this development has merit,” said Sam Stovall, chief investment strategist at CFRA Research. “We really don’t see anything disruptive to the stock market right now, but investors are always looking around for what could lead to this.” A trend ending factor.”
Investors will focus on Friday’s economic data on retail sales, import prices and industrial production. That capped a busy week of economic data, punctuated by the release of closely watched measures of consumer and producer inflation.
In terms of profitability, e-commerce giants Alibaba Quarterly results will be announced on Friday.
