Stock futures slip after Nasdaq notches record close above 20,000: Live updates

Published On Dec 11, 2024, 6:02 PM

U.S. stock futures fell following a record close for the Nasdaq Composite, which topped 20,000 for the first time. Key trends show a slight decline in futures for various indices. Adobe's stock dropped 9% due to a disappointing revenue forecast for the upcoming quarter, while the broader market saw gains earlier. Investors anticipate a potential rate cut from the Federal Reserve after the latest consumer price index report indicated meeting expectations on inflation. Upcoming reports include inflation data and earnings from major companies like Broadcom, RH, and Costco.

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Stock Forecasts

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Negative

Given the mixed signals from current earnings guidance and a high valuation environment, investors may become cautious. Adobe's significant drop in after-hours trading reflects potential trouble in technology stocks. Overall, the anticipation of a Fed rate cut could provide some support, but heightened valuations and Adobe's performance might indicate caution ahead.

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