Stock Market Today: Dow, Nasdaq 100 Futures Slip After A Stellar Week—Fox, Oracle, Dell In Focus On TikTok Investment

4 months ago

U.S. stock futures fell on Monday following Friday’s positive moves. Futures of major benchmark indices were lower. On Sunday, President Donald Trump said media mogul Lachlan Murdoch and tech leaders Oracle‘s (ORCL) co-founder Larry Ellison and Dell‘s (DELL) CEO Michael Dell will take part as investors in a proposed deal to transfer TikTok‘s U.S. operations from Chinese parent ByteDance to American ownership.

Transcript

00:00all right futures under a bit of pressure here this morning after the weekend S&P futures down

00:110.32 percent the Dow down 0.35 percent and the Nasdaq down 0.36 percent so weakness across the

00:20board on the futures here this morning let's go ahead and take a look at some cues from last

00:25session here information technology utilities and communication services stocks recorded the

00:31biggest gains on Friday as most sectors of the S&P 500 closed on a positive note however energy

00:37and real estate stocks bucked the overall market trend closing the session lower U.S. stocks settled

00:43higher with the Dow Jones hitting a fresh record high for the week the S&P gained 1.2 percent the

00:51Dow added 1 percent and the Nasdaq surged 2.2 percent all three of them hitting new all-time

00:56highs among mega cap movers Apple jumped 3.2 percent on strong demand for the new iPhone 17

01:03in China pre-orders topped those of the iPhone 16 in just one minute that helped Apple shares climb

01:10above the 245 which mark which is their highest level since February of this year on the economic

01:17front the Baker Hughes oil rig count rose two point or rose by two to 418 in the last week

01:26on Sunday President Trump said media mogul Lachlan Murdoch and tech leaders Oracle's co-founder Larry

01:34Ellison and Dell CEO Michael Dell take part as investors in a proposed deal to transfer TikTok's

01:42U.S. operations from the Chinese parent company ByteDance to American ownership speaking on Fox

01:50News Sunday briefing Trump praised the group and called them quote American patriots end quote

01:55that came from Reuters he also cited TikTok with helping him connect with younger voters during the

02:012024 presidential race on Friday Trump confirmed he had spoken with President Xi Jinping Chinese

02:08President Xi Jinping excuse me calling the conversation progress and said that the two leaders would meet

02:14at the Asia-Pacific Economic Cooperation Summit in South Korea on October 31st this is important because

02:21this gives us a key day meanwhile the 10-year treasury bond continued to tick up to 4.12 percent

02:29and the two-year bond yielded 3.57 percent

02:33you

Stock Market Today: Dow, Nasdaq 100 Futures Slip After A Stellar Week—Fox, Oracle, Dell In Focus On TikTok Investment

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