Stock futures are little changed after Dow closes at another record high: Live updates

Published On Oct 16, 2024, 6:02 PM

U.S. stock futures are relatively stable after the Dow Jones Industrial Average reached another record high on Wednesday. The Dow had a marginal loss of 10 points in futures trading, while S&P 500 and Nasdaq futures also showed slight declines. Alcoa's stock surged nearly 8% after a strong earnings report, while CSX's stock fell about 4% after disappointing results. The financial sector remains strong, bolstered by positive earnings from Morgan Stanley, which rose 6.5% following its earnings report. Investors are anticipating upcoming economic data, including jobless claims and retail sales, which may influence market direction.

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Stock Forecasts

AAView AA chart on TradingView

Positive

Alcoa reported stronger-than-expected earnings which led to significant gains in its stock price. This positive performance might attract further investments in the aluminum sector, indicating an upward trend.

CSXView CSX chart on TradingView

Negative

CSX's disappointing earnings report resulted in a significant drop in its stock price. This underperformance could lead to negative sentiment around the stock and sector, suggesting a possible downward trend in the near term.

MSView MS chart on TradingView

Positive

Morgan Stanley's robust earnings exceeded expectations, leading to a strong uptick in its stock price. This performance may inspire confidence in the financial sector, suggesting it could continue to perform well as economic conditions stabilize.

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