U.S. stock-index futures saw a slight decline on Friday following a strong rally, driven by the positive performance of chipmaker Nvidia. This success raised hopes for a potential breakthrough in artificial intelligence. What’s happening On Thursday, the Dow Jones Industrial Average rose by 457 points, a 1.18% increase reaching 39069....
Goldman Sachs has raised its year-end S&P 500 target to 5,200 ahead of Nvidia Corp.’s pivotal earnings this week. The forecast largely relies on the sustained profitability of Big Tech. According to David Kostin, chief U.S. equity strategist at Goldman Sachs, the upgraded 2024 EPS forecast of $241 (8% growth)...
The S&P 500 flirted with a significant milestone just before Thursday’s market close, briefly crossing the 5,000 mark and notching its ninth record finish of 2024 at 4,997.91. While these round numbers lack technical significance, they carry psychological weight, impacting market sentiment. Mark Arbeter, president of Arbeter Investments, noted historical...
U.S. stock index futures signaled a mixed start just below recent highs on Wednesday, with bond markets stabilizing and investors awaiting more corporate earnings reports. Here’s a breakdown of how the stock-index futures are performing: On Tuesday, major indices saw modest gains: the Dow Jones Industrial Average rose 141 points...
On Thursday morning, U.S. stock index futures saw an uptick in anticipation of earnings releases from three major companies: Apple, Amazon.com, and Meta Platforms. Current stock-index futures trading status is as follows: In the previous session, the Dow Jones Industrial Average declined by 317 points (0.82%) to 38150, the S&P...
Early on Tuesday, U.S. stock index futures hovered near their record highs in anticipation of an upcoming earnings report from the widely acclaimed Microsoft. Current Stock-Index Futures Trading: On Monday, the Dow Jones Industrial Average (DJIA) recorded a gain of 224 points, or 0.59%, closing at 38333. The S&P 500...
