Stock futures fall slightly with Wall Street on track for a winning week: Live updates

Published On Nov 21, 2024, 6:04 PM

The stock market is experiencing slight downward pressure in futures trading, but is on track for a winning week overall. The Dow Jones Industrial Average rose around 462 points during the day, closing up 1.06%. Other indices also saw gains, particularly the Nasdaq Composite, which is up 1.56% for the week. Positive earnings reports, notably from Gap and Nvidia, have bolstered market sentiment. Additionally, Texas Pacific Land will join the S&P 500 next week, which may prompt investor interest in this stock. Upcoming economic data releases are expected to impact market direction as well.

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Stock Forecasts

GAPView GAP chart on TradingView

Positive

Gap's strong earnings and revised guidance indicate robust consumer demand and effective management strategies. This may attract more investors and could sustain the stock's upward momentum.

NVDAView NVDA chart on TradingView

Positive

Nvidia's recent earnings beat suggests strong growth in its market segment, which could lead to more investor confidence. As the market increasingly shifts focus to tech, Nvidia could benefit further

TPLView TPL chart on TradingView

Positive

Texas Pacific Land's inclusion in the S&P 500 is likely to attract institutional investment, potentially increasing its stock price as funds try to replicate the index.

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