Stock futures rise with Nasdaq set to add to records as oil prices decline
Published On Oct 27, 2024, 6:05 PM
U.S. stock futures are up as traders anticipate strong earnings from major technology companies this week, which is impacting the Nasdaq Composite positively. The recent easing of geopolitical tensions, particularly concerning Israel and Iran, has also contributed to a favorable market sentiment. Lower oil prices are benefiting markets too, and as the week progresses, all eyes will be on key economic data and earnings reports from several major tech firms.
Stock Forecasts
QQQ
Positive
Given the upbeat sentiment in the tech sector and anticipation of positive earnings results from key companies, investors may see further gains in tech stocks, especially the Nasdaq. Oil prices remaining low could provide additional benefits to other sectors as well.
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