Traders work on the floor of the New York Stock Exchange (NYSE) after Republican Donald Trump won the US presidential election in New York City, US, on November 6, 2024.
Andrew Kelly Reuter
U.S. stock futures were little changed Wednesday night as the post-election rally in major stock averages began to show signs of stalling.
Dow Jones Industrial Average Futures lost 56 points. S&P500 futures Although it fell by 0.12%, Nasdaq 100 futures 0.21% decrease.
CNH Industrial shares rise about 8% in after-hours trading after Greenlight Capital’s David Einhorn told attendees at CNBC’s Delivering Alpha conference that he had taken a mid-sized position in the agricultural machinery company. did.
30 stocks on Wednesday Dow and S&P500 The former rose 47.21 points (0.11%), while the latter registered a gain of 0.02%, ending the regular session almost flatline. The Nasdaq Composite closed 0.26% lower.
The moves come after October’s consumer price index came in line with expectations, but still suggest the Fed has not yet won the fight against inflation. Core CPI increased by 0.3% for the third consecutive month, bringing the 12-month rate of increase to 3.3%.
Investors are weighing whether there’s still room for the post-election rebound that followed Donald Trump’s decisive victory last week to continue after pushing major averages toward a new milestone. . The Dow Jones Industrial Average closed above 44,000 for the first time on Monday, and the S&P 500 and Nasdaq Composite both hit new highs.
Courtney Garcia, senior wealth advisor at Payne Capital Management, expects there is still room for upside as investors sit with cash waiting for more certainty in the market. There is.
“I don’t think the rally is necessarily going to be short-term, but I think with the new money, there’s still a lot of room to do more,” Garcia said on CNBC’s show Wednesday. Closing bell. ”
On the economic front, the October producer price index is scheduled to be released on Thursday, and the retail sales report will be released on Friday. Federal Reserve Chairman Jerome Powell is scheduled to speak Thursday in Dallas, Texas.
In other places, disney It will report earnings before the start of trading on Thursday.
