Stock futures are little changed after S&P 500, Nasdaq Composite retreat from records: Live updates

Published On Dec 9, 2024, 6:02 PM

On December 9, 2024, U.S. stock futures showed little change after the S&P 500 and Nasdaq Composite indexes pulled back from record highs. The Dow Jones Industrial Average futures lost a small amount as well. Oracle's shares significantly dropped over 7% following a disappointing earnings report, while MongoDB's shares increased by more than 9% after it raised its earnings forecast for the fourth quarter. The tech sector, including Nvidia, which is under investigation by a Chinese regulator, experienced downward pressure, while future economic data regarding inflation is anticipated to influence upcoming Fed interest rate decisions.

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Stock Forecasts

ORCLView ORCL chart on TradingView

Negative

Following Oracle's poor quarterly earnings results, the stock is expected to face continued pressure in the near term. With shares already down over 7%, they may further decline as investor sentiment shifts negatively regarding the company's growth outlook.

MDBView MDB chart on TradingView

Positive

MongoDB's positive earnings forecast has boosted confidence in its stock, suggesting an upward momentum as it communicates strong operational performance amidst broader market volatility.

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