S&P 500 futures are little changed as index heads for losing week: Live updates

Published On Nov 14, 2024, 6:02 PM

S&P 500 futures are currently flat as investors evaluate the market trend after a rally following the recent presidential election showed signs of losing momentum. Futures for major indices such as the Dow Jones are slightly down by 0.1%, while Nasdaq futures dropped 0.2%. Notably, Applied Materials saw a significant decline of over 5% due to weak revenue guidance, contrasting with Domino's Pizza which surged 7% after Berkshire Hathaway disclosed a stake in the company. Market participants are closely watching retail sales and industrial production data due out soon, alongside ongoing Federal Reserve commentary suggesting no urgency to cut interest rates further.

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Stock Forecasts

DPZView DPZ chart on TradingView

Positive

The stake taken by Berkshire Hathaway in Domino's Pizza signifies confidence in the company and could lead to increased investor interest in the stock. Given this positive catalyst, along with potential for growth in the food service sector, Domino's may experience a bullish trend.

AMATView AMAT chart on TradingView

Negative

In contrast, Applied Materials is expected to face downward pressure due to its weak revenue guidance, indicating potential struggles in the semiconductor equipment market. This could lead to further selling pressure on the stock.

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