S&P 500 futures edge higher after stocks pull back to start new week: Live updates

Published On Oct 7, 2024, 6:01 PM

Stock futures are slightly rising after a tough trading day on Wall Street, where concerns over increasing oil prices and bond yields negatively impacted the market. The Dow Jones, S&P 500, and Nasdaq all experienced declines, particularly within the technology sector. Rising bond yields, now above 4%, have created downward pressure, compounding fears stemming from geopolitical tensions in the Middle East. Investors are looking ahead to economic data on small businesses and the trade deficit, as well as remarks from Federal Reserve officials.

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Stock Forecasts

XLEView XLE chart on TradingView

Positive

The current trends suggest that energy sector stocks may continue to perform well due to rising oil prices, while technology stocks may face challenges unless market conditions stabilize.

XLKView XLK chart on TradingView

Negative

Given the rising bond yields and potential volatility in tech stocks, investors may want to remain cautious in the tech sector for the time being.

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