October 14, 2024

Dow Jones Today: Stock Futures Mixed as S&P 500 and Dow Look to Extend Record Highs

view original post

Stock futures are pointing to a mixed open on Monday as the U.S. equities market looks to extend a rally that has taken major indexes to record highs.

Futures tied to the Dow Jones Industrial Average were down 0.2%, while those linked to the S&P 500 and the Nasdaq 100 gained 0.2% and 0.3%, respectively. The S&P 500 and Dow hit record highs on Friday, as investors reacted to strong earnings reports from large banks and an encouraging report on inflation.

It’s a federal holiday in the U.S. on Monday, which means that government offices, banks and the bond market will be closed. The stock market is open and functioning normally today, though there’s nothing of note on the earnings or economic data release calendars.

Large-cap technology stocks were up across the board in premarket trading. AI investor favorite Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Meta Platforms (META) and Alphabet (GOOGL) were all gaining ground.

Shares in Boeing (BA) were down about 2% after the airplane maker announced a slew of cost-cutting measures over the weekend, including cutting about 10% of its workforce, or 17,000 jobs, and postponing the launch of its first 777x jetliner. Boeing also said it expects to take a total of $5 billion in pre-tax earnings charges at its commercial airplanes and defense divisions in the third quarter.

Crypto-tied stocks were gaining ground as bitcoin (BTCUSD) jumped to near $65,000 for the first time this month. MicroStrategy (MSTR), a software company with sizable bitcoin holdings, was up more than 5%, while cryptocurrency exchange Coinbase (COIN) was up 3% and bitcoin miner Marathon Digital Holdings (MARA) added 5%.

Crude oil futures, which have been volatile in recent weeks amid concerns that an escalation of conflict in the Middle East could disrupt global oil supplies, were down 2%. Gold futures were little changed at around $2,670 an ounce.

Futures Point to Mixed Open for Major Indexes

26 minutes ago

Futures tied to the Dow Jones Industrial Average were down 0.2%.

TradingView

S&P 500 futures were up 0.2%.

TradingView

Nasdaq 100 futures were up 0.3%.

TradingView

thebullishtraders.com is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of thebullishtraders.com are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

The sender of this email makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of thebullishtraders.com websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.

Disclaimer: Past performance is no guarantee of future performance. This product is for educational purposes only. Practical application of the products herein are at your own risk and thebullishtraders.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Any trades shown are hypothetical example and do not represent actual trades. Actual results may differ. Nothing here in constitutes a recommendation respecting the particular security illustrated.