Stock market today: Dow futures slip as S&P 500, Nasdaq tread water amid wave of earnings

Published On Oct 29, 2024, 7:30 AM

U.S. stock futures are down as market participants are digesting earnings reports and awaiting Alphabet's key quarterly results. Currently, Dow futures have slipped by 0.2%, and the S&P 500 and Nasdaq futures are relatively stable. The latest earnings from major firms, including McDonald's, have shown promise. Major upcoming reports are anticipated from key tech companies, which are expected to influence market trends as November approaches. Additionally, economic indicators related to consumer confidence and job openings are forthcoming, which could impact Federal Reserve decisions on interest rates.

Read full article

Stock Forecasts

SPYView SPY chart on TradingView

Negative

The mixed responses in futures indicate caution among investors as they await crucial earnings reports and economic data. This uncertainty may lead to a pullback in the major indices, especially if incoming results do not meet optimistic expectations.

MCDView MCD chart on TradingView

Positive

McDonald's recent positive earnings report despite previous setbacks could suggest resilience in consumer spending, making it potentially favorable amidst uncertainty in tech stocks.

GOOGLView GOOGL chart on TradingView

Positive

As anticipation builds for Alphabet's earnings report, any substantial results could sway technology stocks positively, thus driving market sentiment higher, contingent on the performance numbers.

Related News

McDonald’s Focus on Value Bolsters U.S. Sales

Oct 29, 2024, 7:11 AM

The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company has moved quickly to contain.

MCD

How Trump’s Business Could Create New Conflicts If He Is Re-Elected

Oct 29, 2024, 5:04 AM

With business ties to foreign governments and holdings in industries overseen by federal regulators, Donald Trump would likely be the most conflicted president in U.S. history.

SPY

Budget 2024: 'I just about make ends meet on £21,500 a year'

Oct 28, 2024, 8:05 PM

People tell the BBC how much they earn and what they want from the Budget.

VGI
SPY