Stock futures are little changed after S&P 500 notches fourth-straight winning session
Published On Sep 12, 2024, 6:02 PM
On Friday, stocks finished the week on a positive note with significant gains in utilities, real estate, and consumer staples sectors of the S&P 500 reaching 52-week highs. Walmart saw remarkable growth, with shares increasing to an all-time high as it reported a 53% gain year-to-date. The Federal Reserve is anticipated to announce rate cuts, which some experts argue should be more aggressive. Bank of America suggests that upcoming meetings may not yield significant insights into future policy. Highlights included strong performance from RH after better-than-expected quarterly results and Oracle's increase in revenue forecasts, while shares of Adobe plunged due to disappointing guidance despite meeting earnings expectations.