Traders enactment connected the level of the New York Stock Exchange during the opening doorbell connected Nov. 13, 2024.
Angela Weiss | AFP | Getty Images
Stock futures were somewhat higher connected Sunday nighttime arsenic Wall Street awaits a large net week and monitors a seemingly fizzled retired postelection rally.
Futures tied to the Dow Jones Industrial Average dipped 16 points, oregon little than 0.1%. S&P futures added 0.1%, portion Nasdaq 100 futures gained 0.2%.
Sunday's determination follows a pugnacious week for the 3 large benchmarks, which are present disconnected their highs that were seen successful the aftermath of President-elect Donald Trump's victory. The Dow Jones Industrial Average ended the week little astatine 43,444.99 points, aft earlier surging past 44,000 for the archetypal time. The S&P 500 besides slipped past week to extremity astatine 5,870.62, portion the tech-heavy Nasdaq Composite dipped to extremity astatine 18.680.12 past week.
Concerns astir the way of involvement rates proceed to measurement connected investors' minds, peculiarly aft Federal Reserve Chair Jerome Powell said connected Thursday that the central slope is not "in a hurry" to chopped rates fixed the economy's beardown maturation and a coagulated labour marketplace — which drove past week's selloff. Most investors are present pricing successful a year-end overnight lending complaint successful the scope of 4.25% to 4.50%, according to the CME FedWatch Tool.
The adjacent large catalyst for the marketplace this week volition beryllium Nvidia earnings, which are acceptable to beryllium released connected Wednesday. Traders volition beryllium watching for guidance astir the company's request for its Blackwell AI chips.
Earnings from Palo Alto Networks and respective large retailers, including Walmart, Target and Ross, are besides connected platform this week. So far, with 93% of S&P 500 companies reporting results, three-quarters of them person reported a affirmative EPS astonishment and 61% person reported a affirmative gross surprise, according to a Friday enactment from FactSet's John Butters.
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