October 15, 2024

S&P 500 futures dip from record as Nvidia slips, oil stocks struggle as crude price falls

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How are stock-index futures trading:

S&P 500 futures are down 0.1%.

Dow Jones Industrial Average futures are up 0.2%.

Nasdaq 100 futures are falling 0.2%.

On Monday, the Dow Jones Industrial Average rose 201 points, or 0.47%, to 43,065, the S&P 500 increased 45 points, or 0.77%, to 5,860, and the Nasdaq Composite gained 160 points, or 0.87%, to 18,503.

Futures show mostly a fractionally lower open on Wall Street after both the S&P 500 and Dow Jones Industrial Average closed the previous session at fresh record highs.

Focus will be on the resumption of the third-quarter earnings season after Monday’s Columbus Day break. Big banks such as Goldman Sachs, Citigroup and Bank of America will lead the charge.

“This calm start to the week gives investors time to reflect before earnings season gets into full swing. Plenty of key economic data points are on the horizon, including retail sales, jobless claims, and housing market updates,” notes Matt Britzman, senior equity analyst at Hargreaves Lansdown.

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