Stock futures are little changed after S&P 500's best weekly win streak of 2024: Live updates

Published On Oct 20, 2024, 6:02 PM

U.S. stock futures remained steady after the S&P 500 and Dow Jones recorded their best weekly performance of 2024, marking a six-week gain. The S&P 500 rose by 0.85% and the Dow by 0.96% during the last week. While 79% of the S&P 500 companies that reported earnings surpassed expectations, the overall results have been somewhat lackluster. The ongoing earnings season will be crucial for maintaining market momentum. Investors are cautious due to high valuations and potential market choppiness related to the election and geopolitical situations.

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Stock Forecasts

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The outlook for U.S. stocks remains cautiously optimistic as earnings season progresses. If companies continue to meet or exceed expectations, this may sustain price levels. However, the overall high valuations could lead to a pullback if immediate results do not confirm current price levels.

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