Stock futures little changed ahead of major earnings reports: Live updates

Published On Nov 18, 2024, 6:07 PM

On November 18, 2024, stock futures remained relatively flat as investors anticipated significant earnings reports from companies like Walmart and Nvidia. Walmart's shares rose slightly ahead of anticipated earnings, while futures for major indices like the Dow, S&P 500, and Nasdaq were marginally down. Nvidia's upcoming earnings report is particularly crucial, as attention will be on demand for its Blackwell AI chips. Despite some concerns about expensive stock valuations, analysts at major firms have raised their S&P 500 targets for 2025. Additionally, Super Micro Computer shares surged over 37% after the company hired a new auditor to maintain its Nasdaq listing, following recent compliance issues. In terms of overall market trends, strong economic conditions and robust quarterly earnings have led many to believe that the market remains poised for upward movement, despite recent selloffs linked to interest rate concerns.