Stock futures inch higher after S&P 500 posts first winning day in September

Published On Sep 9, 2024, 6:02 PM

On September 10, 2024, two major U.S. indexes closed positively with the S&P 500 gaining 0.45% and the Nasdaq rising 0.84%. Meanwhile, the Dow Jones saw a slight decline. Ally Financial's shares dropped significantly by 17% due to warnings about heightened credit challenges, particularly in auto loans. Analysts expressed varying optimism about Oracle, which reported strong earnings, with some seeing a potential upward revision of revenue forecasts. The small-cap Russell 2000 index also fell, evidencing struggle among smaller companies.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

ALLY View ALLY chart on TradingView

Negative

Ally Financial is facing increased credit challenges which could indicate broader issues in consumer finance, leading to negative investor sentiment.

ORCL View ORCL chart on TradingView

Positive

Oracle reported strong earnings, surpassing expectations. With positive analyst sentiment and growth potential, Oracle shows a favorable outlook.

SPY View SPY chart on TradingView

Positive

The overall positive market trend indicated by S&P 500 and Nasdaq gains suggests potential for growth in diversified sectors unless disrupted by upcoming economic data releases.

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