Stock futures are little changed after S&P 500 slips from record highs: Live updates

Published On Oct 15, 2024, 6:04 PM

Stock futures are trending slightly down, indicating a cautious market outlook as the S&P 500 and Dow slip from their recent record highs. The S&P 500 fell by 0.76% and the Dow by 0.75% during regular trading, while the tech sector, driven down by substantial losses in semiconductor stocks and particularly Nvidia, has caused further declines. Investors expect volatility in the stock market in the coming weeks due to ongoing earnings reports and the upcoming presidential election. Noteworthy earnings from companies like Morgan Stanley and Abbott Laboratories are anticipated soon, which may affect market direction.

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Stock Forecasts

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Negative

With mixed earnings reports and ongoing volatility ahead of the presidential election, stocks are likely to face challenges. Strong performance by major banks may support the market, but overall uncertainty suggests a cautious approach. Semiconductors, especially Nvidia's, indicate potential short-term declines in tech. Investors should watch earnings closely for direction.

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