Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»S&P 500, Nasdaq futures lose grip on records as Trump trade fizzles
Finance

S&P 500, Nasdaq futures lose grip on records as Trump trade fizzles

November 8, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
S&P 500, Nasdaq futures lose grip on records as Trump trade fizzles
Share
Facebook Twitter LinkedIn Pinterest Email

US shares struggled to carry close to file highs on Friday, with the Nasdaq slipping as post-election euphoria ebbed and China’s newest stimulus plan fell flat.

S&P 500 futures (ES=F) slipped 0.1%, whereas these on the tech-heavy Nasdaq 100 (NQ=F) dropped roughly 0.3%. Dow Jones Industrial Common (YM=F) futures hugged the flat line.

Shares are trending towards a downbeat finish to a stellar week of good points pushed by optimism that President-elect Donald Trump’s insurance policies will increase the economic system. However the preliminary “Trump commerce” rush seems to be really fizzling out as Wall Avenue questions whether or not Trump will be capable to push by his ambitions insurance policies. The greenback (DX=F) and Treasury yields, as an illustration, have given up a lot of their post-election good points.

Disappointment over China’s new fiscal stimulus additionally dampened market spirits, placing stress on oil costs, the yuan and native shares. The $1.4 trillion plan to refinance native authorities debt left traders unconvinced of its potential to spur a faltering economic system.

Even so, Wall Avenue main gauges are nonetheless on observe for robust weekly wins after racking up extra information on Thursday because the Federal Reserve delivered the anticipated interest-rate minimize. The S&P 500 is closing in on crossing the 6,000 stage for the primary time.

On the company entrance, Sony (SONY) shares popped in premarket buying and selling after the PlayStation maker posted a 73% bounce in quarterly revenue. In the meantime, Nissan (NSANY) inventory sank as traders absorbed the automaker’s plans to slash 9,000 jobs. Earnings from Paramount (PARA, PARAA) are additionally on the docket on Friday.

Coming quickly

Dwell inventory market protection for Friday, Nov. 8, 2024

Source link

Fizzles Futures Grip lose Nasdaq records trade Trump
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Daily Show’ Cuts Deep Into Trump Administration’s ‘Very Sad’ Barbie Talk

May 9, 2025

Jim Cramer on Microsoft Corporation’s (MSFT) Earnings Report: ‘Happy Call’

May 9, 2025

French startup Mistral launches chatbot for companies, triples revenue in 100 days

May 9, 2025

India–UK trade deal text expected in 3 months; No MIP on UK Whisky: Official | Business News

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Haryana family mourns Lance Naik killed in Pak shelling: ‘Always wanted to be in Army’ | India News

May 9, 2025

Why certain aircraft make a distinctive ‘barking’ or ‘grinding sound’ before takeoff | Lifestyle News

May 9, 2025

Chase Elliott swaps steering wheel for a microphone as he presents an ACMA award

May 9, 2025

‘Daily Show’ Cuts Deep Into Trump Administration’s ‘Very Sad’ Barbie Talk

May 9, 2025
Popular Post

Amazon’s cloud business faces crucial test after rivals Microsoft, Google stumble

Alienware’s new Aurora R16 PC saves space without losing power

Airtel claims its ‘5G Plus’ service has more than one million customers

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.