Stock Futures Rise as Wall Street Seeks Recovery: Live Updates

by Joy

Stock market futures showed signs of recovery early Monday following a challenging week for Wall Street.

Futures Surge in Early Trading

Futures for the Dow Jones Industrial Average rose by 220 points, or 0.51%, early Monday. The S&P 500 futures gained 0.54%, while Nasdaq 100 futures increased by 0.53%.

Advertisements

This upward movement follows a sharp decline on Thursday and Friday, which resulted in the major indexes closing the week in the red.

Advertisements

Wall Street’s Tough Week

The Dow Jones dropped 2.51% for its worst weekly performance since October. Meanwhile, the S&P 500 and Nasdaq Composite fell by 1.66% and 2.51%, respectively, marking a tough week for investors.

Key Events This Week

The upcoming week will feature important economic reports and corporate earnings, which could influence market movement. Earnings reports from Home Depot and Lowe’s on Tuesday and Wednesday will offer insights into the state of U.S. consumers.

On Wednesday evening, Nvidia will release its earnings report. As a leader in the artificial intelligence (AI) chip sector, Nvidia’s results could have a significant impact. This will be the company’s first earnings report since the launch of the DeepSeek large language model from China, which raised concerns about the sustainability of the AI market.

Lale Akoner, a global market analyst at eToro, noted that investors will closely scrutinize whether the DeepSeek news could disrupt AI companies’ margins in the future.

Inflation Data to Watch

On Friday, the January reading of the Personal Consumption Expenditures (PCE) index will be released. This is the Federal Reserve’s preferred inflation gauge and could provide further direction for the market.

Market Outlook

Despite last week’s declines, the major indexes remain within 4% of their record highs, signaling that market sentiment may still be strong.

Related topics:

You May Also Like

blank

Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright  bedgut.com – Futures Market, Investment, Trading & News