Traders work on the floor of the New York Stock Exchange (NYSE) as the opening bell rings, November 26, 2024, New York City.
Timothy A. Clary | AFP | Getty Images
U.S. stock futures fell on Thursday following a decline in tech stocks. Nasdaq Composite The number of people exceeded 20,000 for the first time.
futures tied to Nasdaq 100 It fell 0.2%. S&P500 futures It also fell by 0.14%. Dow Jones Industrial Average Futures It fell by 78 points (approximately 0.2%).
major software company adobe Sales fell 9% after the company's earnings guidance for the current quarter was lower than expected.
During Wednesday's trading, the Nasdaq rose about 1.8%, breaking the 20,000 mark and setting an all-time high and closing price record. wide market S&P500 Added 0.8%. On the other hand, 30 stocks Dow Performance was poor, dropping by about 99 points or 0.2%.
Mark Hackett, head of investment research at Nationwide, said the stock is “recovering from a weak start this week.”
Indeed, “expectations are high and valuations are at their highest levels since the tech bubble,” Hackett added. “Seasonality and technical tailwinds will provide tailwinds towards the end of the year, but investors are likely to be more discerning and selective next year as risks and returns come under scrutiny.”
November's consumer price index report was also in line with economists' expectations, and investors are expecting the Federal Reserve to cut rates further at next week's policy meeting. The CPI measure, which tracks prices across a basket of goods and services, rose 0.3% month-over-month, for a 12-month growth rate of 2.7%. Federal funds futures trading data reflects a nearly 99% chance that central bank policymakers will cut interest rates next week, the paper said. CME FedWatch Tools.
Additional inflation data awaits the release of the November Producer Price Index report on Thursday morning. A survey of economists compiled by Dow Jones predicts a monthly rise of 0.2%. Weekly unemployment insurance filings are also due.
In terms of profits, major semiconductor companies broadcomhome furniture company R.H. and retailers costco wholesale We plan to announce the results after the competition ends.
