Stock Market Today: S&P 500, Nasdaq Futures Mixed Ahead Of Trump-Xi Call—FedEx, MoneyHero, Lennar In Focus

4 months ago

U.S. stock futures were fluctuating around the flat line on Friday following Thursday’s positive moves. Futures of major benchmark indices were mixed.

Investors awaited the phone call between President Donald Trump and Chinese President Xi Jinping, scheduled for later today, after China banned its major tech firms from purchasing Nvidia‘s (NVDA) chips, and NVDA announced an investment in Intel (INTC).

Transcript

00:00all right futures flattish here today but actually leaning to the green side

00:11s&p futures this morning up 0.13 percent dow futures up 0.08 percent and the tech uh nasdaq

00:19futures up 0.15 percent it's worth noting that it was actually lower when the pre-market first

00:25open here today we are up off of those lows uh here today let's take a look at some cues from the

00:30last session most sectors of the s&p 500 closed positive on thursday with information technology

00:36industrials and communication services stocks recording the biggest gains however consumer

00:42staples and consumer discretionary stocks bucked the trend and they closed the session lower the

00:48broad advance sent u.s stocks higher with the nasdaq composite gaining more than 200 points a day after

00:54the federal reserve cut rates by 25 basis points and signaled that there is more easing ahead

00:59tech stocks led the charge intel skyrocketed 23 percent after nvidia pledged a five billion dollar

01:06investment to co-develop pc and data center chips crowd strike holdings ticker crwd also rallied

01:13around 13 percent after unveiling long-term ai initiatives and revenue targets forecasting

01:19annual recurring revenue growth above 20 percent by fiscal 2027 on the economic front u.s initial

01:26jobless claims declined by 33 000 from the previous week to 231 000 in the second week of september that

01:34compared to market estimates of 240 000 meanwhile the philadelphia fed manufacturing index rose 23.2 in

01:42september recording its highest level since january and a significant jump from the minus three tenths in august

01:48uh looking ahead to today investors are awaiting a phone call between president trump and

01:55president xi jinping excuse me uh scheduled for later today after china banned its major tech firms from

02:03purchasing nvidia chips and nvidia announced an investment in intel a framework for a tiktok deal

02:12will also be discussed between the two leaders that was confirmed by treasury treasury secretary scott

02:19besant now the 10-year bond that yielded 4.12 percent and has actually ticked a little bit higher

02:26here this morning we were hoping that that might stay under four percent it pretty much got down to

02:31four percent and hasn't broken that yet it is ticking up off that level we'll keep an eye on that

02:36two-year bond also yielded 3.57 percent

02:40two-year bond also yielded 3.57 percent

Stock Market Today: S&P 500, Nasdaq Futures Mixed Ahead Of Trump-Xi Call—FedEx, MoneyHero, Lennar In Focus

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