Stock futures are little changed after major post-election rally as focus shifts to Fed: Live updates
Published On Nov 6, 2024, 6:01 PM
The U.S. stock market is experiencing a flat trading day following a significant surge after Donald Trump's presidential election victory, which caused the Dow, S&P 500, and Nasdaq to hit all-time highs. Investors are now awaiting the Federal Reserve's decision on interest rates, expected to be cut by 25 basis points. The sentiment in the market is cautious as analysts suggest keeping an eye on geopolitical news that may affect market stability. Meanwhile, several companies will release their quarterly earnings soon, including Moderna and Warner Bros. Discovery.
Stock Forecasts
SPY
Positive
Given the recent election results and the anticipated interest rate cut from the Federal Reserve, the overall sentiment in the markets is positive. The surge in stock prices and all-time highs suggest bullish momentum, particularly in large-cap equities.
LYFT
Positive
The strong performance of Lyft and E.l.f. Beauty indicates positive potential in the tech and consumer goods sectors, while SolarEdge's decline reflects the headwinds in renewable energy stocks following the election news. Investors should watch for potential volatility in these sectors.
MRNA
Positive
Companies like Moderna and Warner Bros. Discovery releasing earnings could create significant movement in their respective stocks. A strong report from either could lead to bullish sentiment, whereas a poor result might drag it down.
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