S&P 500 futures are little changed after stocks close at record highs: Live updates

Published On Nov 11, 2024, 6:01 PM

Stock futures remained mostly unchanged following a strong market rally after the recent presidential election. The Dow closed above 44,000, the S&P 500 above 6,000, and the Nasdaq Composite set another record high. This rally is attributed to expectations regarding new policies under President-elect Donald Trump. Notably, small-cap stocks surged, reflecting confidence in potential deregulation benefits. Additionally, bitcoin prices soared, benefiting from the positive market sentiment. In the coming days, investors are keen to watch economic data releases and upcoming earnings from major companies like Home Depot and Shopify.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

The strong market performance, paired with the boosting sentiment post-election and strong crypto trends, suggests a continued positive outlook for stocks, particularly in the tech and small-cap sectors.

COINView COIN chart on TradingView

Positive

Given the spike in crypto prices and the subsequent rise in stocks associated with the cryptocurrency sector, such as Coinbase, there is potential for further growth in related stocks if the positive sentiment remains.

HDView HD chart on TradingView

Positive

The overall market momentum suggests that traditional retailers could see positive outcomes, notably those reporting earnings soon. Home Depot's performance may impact the broader retail sector positively.

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