• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

S&P 500 Futures Slip 0.51%

by November 15, 2024
written by November 15, 2024

U.S. stock futures dropped early Friday as the postelection rally showed signs of faltering and the Federal Reserve indicated a cautious stance on further interest rate cuts. Dow Jones Industrial Average futures fell 156 points, or 0.36%, while S&P 500 and Nasdaq 100 futures declined 0.51% and 0.76%, respectively.

Tech stocks saw mixed fortunes, with chip equipment manufacturer Applied Materials sliding over 8% after issuing weak revenue guidance for the current quarter. Conversely, Domino’s Pizza surged more than 7% following news that Berkshire Hathaway had taken a stake in the company, signaling investor confidence in the fast-food giant.

This follows a negative session on Thursday, where the Dow lost over 200 points, and both the S&P 500 and Nasdaq Composite fell by approximately 0.6%. Major indexes are poised to close the week lower, eroding last week’s postelection gains spurred by Donald Trump’s victory. Notably, the Nasdaq Composite has declined 0.9% this week, while the S&P 500 and Dow have fallen 0.8% and 0.5%, respectively.

Despite the broader market pullback, the Dow achieved a milestone earlier in the week, closing above 44,000 for the first time. However, concerns over the Federal Reserve’s restrained approach to monetary easing and mixed corporate earnings have tempered investor optimism. This underscores the fragile nature of the recent rally amid evolving economic and political uncertainties.

S&P 500 Technical Analysis

The 15-minute chart of the S&P 500 Index (SPX) shows a bearish trend over recent sessions, with a consistent decline from earlier highs around 6,017.31 to the current level near 5,949.16. The pattern indicates selling pressure as the index struggles to hold any rebound attempts, suggesting weak investor sentiment in the short term.

The Relative Strength Index (RSI) is at 36.93, which is below the neutral 50 mark and approaching oversold territory (30 or below). This level typically signals that the selling momentum could be nearing exhaustion, but it does not confirm a reversal without further evidence. The declining RSI trend suggests that the bears still have control, though a reversal could be on the horizon if the index dips further and the RSI enters oversold conditions.

Key support is seen near 5,930, a level tested several times during the chart period. A break below this level could trigger further downside pressure. On the other hand, if the S&P 500 rebounds, it could face resistance around 5,980. For now, the technicals suggest caution, as the index may continue its downward trend unless it finds strong support or positive momentum to change course.

The post S&P 500 Futures Slip 0.51% appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Judges delay Jan. 6 trials ahead of Trump inauguration
next post
Meet Pete Hegseth: The ‘recovering neocon’ and Pentagon critic who’s been tapped for Defense secretary

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • JONATHAN TURLEY: House ‘delegate’ shows her confusion over Constitution

    January 5, 2025
  • How Donald Trump sneaked up on me and a bunch of new friends in Milwaukee

    July 23, 2024
  • Long CMA: Comerica Rebounds from 5-Year VPOC with Strong Earnings, Eyeing Impulse Move Midpoint Retest

    July 22, 2024
  • Time for Israel to take out ‘head of the snake,’ target members of Iranian regime, says former IDF intel chief

    June 14, 2025
  • Gaza Humanitarian Foundation: What to know about the US-backed aid group

    July 29, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • Kash Patel vows to ‘do everything’ to help GOP senator expose Epstein files

    January 30, 2025
  • E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

    May 29, 2025
  • Ocado Share Price and It’s Financial Overview

    August 9, 2024

Recent Posts

  • Trump pauses aid to Ukraine after fiery meeting with Zelenskyy

    March 4, 2025
  • Summertime and the living is uneasy on Capitol Hill

    August 10, 2025
  • USDCHF and USDJPY: USDCHF manages to recover to 0.88500

    July 29, 2024

Editor’s Pick

  • Federal judge rules Trump appointee Alina Habba is unlawfully serving as US attorney

    August 21, 2025
  • ‘Treated you like garbage’: Trump uses Biden criticism as rallying cry in battleground North Carolina

    October 30, 2024
  • Legal experts say RFK Jr.’s move to give financial interest in vaccine lawsuits to family is ‘not unusual’

    February 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock