Stock market today: Nasdaq leads jump in US futures ahead of busy week of key data, Big Tech earnings

Published On Oct 28, 2024, 7:09 AM

U.S. stock futures have increased, led by a significant rise in the tech-heavy Nasdaq, amid reduced fears over Middle Eastern tensions and anticipation of a week of significant economic data and earnings reports from major tech companies. Investors are particularly focused on upcoming earnings from firms like Alphabet, Apple, Amazon, Microsoft, and Meta, which could significantly impact market movements. Oil prices have also declined sharply due to easing concerns regarding potential escalations in the region.

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Stock Forecasts

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Positive

With the expectation of strong earnings from major tech stocks and a favorable economic environment indicated by easing geopolitical tensions, the outlook for technology stocks is positive. The key earnings reports could validate the market's optimism and potentially lead to higher stock prices overall in the sector.

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