Stock futures rise slightly as Wall Street readies for presidential election: Live updates

Published On Nov 4, 2024, 6:01 PM

The stock market is experiencing slight upticks in futures trading as Wall Street prepares for the upcoming U.S. presidential election. Dow Jones futures rose by 25 points, indicating a potential positive start. Notable stock movements included Palantir Technologies, which surged by 13% after reporting strong quarterly results, while NXP Semiconductors faced a decline due to a soft outlook. Overall, the market may see fluctuations leading up to the election, which could significantly influence year-end stock performance. Investors are also awaiting the Federal Reserve's rate decision later this week.

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Stock Forecasts

PLTRView PLTR chart on TradingView

Positive

Given the positive earning report from Palantir and the overall market optimism despite election uncertainty, there could be a short-term bullish trend for specific stocks like Palantir.

NXPIView NXPI chart on TradingView

Negative

Considering NXP Semiconductors' downtrend due to a negative outlook, it may face continued pressure in the market shortly after the election.

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