Stock market today: US futures inch up as Treasury yields ease, but weekly losses loom

Published On Oct 25, 2024, 7:24 AM

US stock futures are showing slight gains as Treasury yields decrease, which is providing some relief to investors after a challenging week marked by declining stock performances. The S&P 500, Dow Jones, and Nasdaq futures all posted modest increases. However, the markets are still expected to conclude the week with losses. Notably, Tesla's stock experienced a decline of about 2% despite having one of its strongest trading days in a decade following positive sales and earnings reports. Meanwhile, Capri Holdings' stock fell 45% due to regulatory challenges regarding a planned merger with Tapestry. Investors are also keeping an eye on upcoming economic reports and major earnings releases from leading tech companies.

Stock Forecasts

With treasury yields easing, there could be renewed interest in equities, particularly tech stocks like Tesla, which showed resilience but fell back slightly today. Moreover, as major companies prepare to report earnings, there may be upward momentum in sectors related to these firms.

The significant drop in Capri's stock could indicate ongoing volatility in the consumer discretionary sector, particularly for companies involved in mergers and acquisitions. This news may lead to further sell-offs if pressures continue.

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