Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Published On Oct 28, 2024, 6:02 PM
Stock futures are showing little movement as investors await key employment data and earnings reports. The Dow Jones futures increased slightly, while the S&P 500 and Nasdaq futures remained nearly flat. Ford Motor's shares dropped over 5% after the company provided disappointing full-year guidance, whereas VF Corp (parent of North Face) surged 22% following better-than-expected earnings. The market faces mixed signals: lower oil prices were welcomed, but rising Treasury yields pose challenges. Upcoming earnings from major companies like Pfizer, McDonald's, and Alphabet will be closely watched for further market guidance.
Stock Forecasts
F
Negative
Due to Ford's cautionary guidance and potential difficulties in the automobile sector, investors might consider short positions on Ford. Conversely, VF Corp shows strong momentum following positive earnings, suggesting opportunities for long positions.
VFC
Positive
VF Corp's significant rise after good earnings indicates bullish sentiment. Investors could look into buying opportunities as the company continues to perform well in the market.
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