[ad_1]
U.S. stock futures rose on Monday, with the S&P 500 index poised for another record high as investors grew optimistic about the health of the economy and looked to future earnings on signs of an AI boom from tech companies. It started to get back on track.
S&P 500 (^GSPC) futures rose 0.3% on Friday after the index posted its first record closing price since January 2022. Dow Jones Industrial Average (^DJI) futures rose about 0.2%, and tech-heavy Nasdaq 100 (^NDX) futures rose 0.6%.
Rising AI-powered tech stocks have lifted stock prices out of the doldrums seen in early 2024, with major indexes moving into positive territory in January. With that in mind, we’ll be watching for quarterly results from companies like Netflix (NFLX) and Tesla (TSLA) later this week, as how tech companies’ earnings could indicate where the market is headed in the near term. will be done.
At the same time, Fed officials whose comments influenced stock prices plan to remain silent ahead of the next policymakers meeting on January 30th. But GDP and Fed-recommended inflation numbers later in the week could shed some light on the debate. What’s moving the market: When will the Fed cut interest rates?
read more: Impact of the Fed’s interest rate hike suspension on bank accounts, CDs, loans, and credit cards
Individual stocks include Boeing (BA) after the FAA asked airlines to inspect another class of 737s that use the same door plug as the MAX 9 that caused the mid-air explosion. The pressure increased even more.
Meanwhile, Archer Daniels Midland (ADM) stock fell 12% in premarket. The agricultural products trading giant has put its chief financial officer (CFO) on leave and lowered its earnings forecast as it faces an audit.
For the latest stock market news and in-depth analysis of price-moving events, click here.
Read the latest financial and business news from Yahoo Finance
[ad_2]
Source link
