Stock Market Today: Live Updates
S&P 500, Dow Jones, Nasdaq: Get Latest News, Analysis, and Insights
The stock market is expecting a volatile day ahead, with investors awaiting earnings reports from bellwether companies like Nvidia and a plethora of economic data. Stock futures rose early Wednesday, trying to snap a streak of four straight days of losses for the S&P 500.
Stock Market News: What’s Happening Today?
S&P 500 Futures:
- S&P 500 futures rose 0.38%, extending gains after the index tumbled 0.5% in the previous session.
- Nasdaq-100 futures added 0.68%, recovering from a 1.4% decline yesterday.
- Dow Jones Industrial Average futures rose 54 points, or 0.12%, as the blue-chip index tried to end a four-day losing streak.
Investor Sentiment:
- Consumer confidence took a hit, with a weaker-than-expected reading from the Conference Board. This and other recent disappointing reports have raised concerns about the economy, leading to a slump in stocks.
- Artificial intelligence-driven companies like Nvidia are in the spotlight, with earnings expected to weigh on the market. "The market is going to be disappointed," said NYU Stern School of Business finance professor Aswath Damodaran.
Stocks to Watch:
- Nvidia: The chip giant is set to release its quarterly earnings report, which could be a game-changer for the market.
- Lowe’s, TJX, and Salesforce are also reporting earnings, with investors eager for direction.
- Economic data, including new home sales and building permits, will be released later in the day.
Why is the Stock Market Against Me?
"The market is like a replay of September," said Damodaran. "They will beat analyst expectations, but the market will be disappointed because the market seems to have set expectations higher than what analysts are seeing for the company."
What’s Next for the Stock Market?
The stock market is poised for a volatile day ahead, with a bevy of earnings and economic data on the horizon. Will Nvidia‘s report be a catalyst for the market, or will investor sentiment remain skittish? Stay tuned for the latest updates on the stock market today.
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