S&P 500 futures climb slightly following broad index's best week of the year: Live updates

Published On Nov 10, 2024, 6:02 PM

U.S. stock futures rose slightly on Monday after a strong post-election rally last week that saw major indices, including the S&P 500 and Dow Jones, hitting all-time highs. This rally, triggered by Donald Trump's presidential win and subsequent Federal Reserve interest rate cuts, provided clarity for investors, allowing focus on economic and corporate fundamentals. Analysts are monitoring upcoming inflation data as a key indicator for future market performance. Negative sentiment was noted in Asian markets with Hong Kong's Hang Seng Index dropping due to disappointing inflation data and insufficient Chinese stimulus measures.

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Stock Forecasts

SPYView SPY chart on TradingView

Positive

Given the recent strong performance in U.S. markets and a favorable economic backdrop with clarity from the elections and Fed interest rate cuts, further upward movement in major indices is likely. However, caution is warranted as inflation data upcoming may influence market sentiment. Overall, the current trend suggests a positive outlook for U.S. equities in the short term.

FXIView FXI chart on TradingView

Negative

On the other hand, the Hang Seng Index's decline reflects ongoing issues in China that could affect global markets. This negative sentiment could contribute to downward pressure on stocks linked to Asian markets. For investors, it might suggest being cautious with exposure to companies heavily reliant on Chinese economic performance.

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