Stock Market Today: Dow Jones, Nasdaq Futures Drop Amid 'Impaired' Economic Data After Shutdown— Warner Bros, NU Holdings, Applied Materials In Focus

Benzinga

U.S. stock futures declined on Friday after Thursday’s sharp sell-off. Futures of major benchmark indices were lower.  This came despite the government reopening, as the Donald Trump administration stated that two of the most vital inputs for the Federal Reserve wouldn’t be released.  White House Press Secretary Karoline Leavitt said, “All of that economic data released will be permanently impaired, leaving our policymakers at the Federal Reserve flying blind at a critical period."

Transcript

00:00All right, futures under pressure here today ahead of Friday's open.

00:10S&P futures down 0.95%, Dow futures down 0.62%, and the NASDAQ futures down 1.4%.

00:18Let's take a look at some cues from last session.

00:22Sectors recording the biggest losses on Thursday included consumer discretionary,

00:26information technology, and communication services as most S&P 500 segments close negative.

00:32Energy stocks, however, bucked the overall market trend to close higher.

00:38Excuse me.

00:40Let's go back up to the top of this real quick.

00:43This came despite the government reopening, and I just want to pause here.

00:47Big time shout out for our morning crew and our afternoon crew for really kind of sniffing out

00:52that the actual reopening likely to be the sell-the-news event, you got that yesterday,

00:57and you got some more continuation today.

00:59Hats off to you.

01:00Pat on the back.

01:01That was a good trade.

01:03This came despite the government reopening as the Trump administration stated that two of the most

01:07vital inputs for the Federal Reserve would not be released.

01:10White House Press Secretary Carolyn Levitt said, quote,

01:13Meanwhile, despite November being the best-performing month for the NASDAQ 100,

01:27the index was down 3.34% month to date.

01:31Since 1985, the index has averaged gains of 2.64, closing higher 70% of the time.

01:37Remember, we also did not see the seasonality that we traditionally see in September and October.

01:41Perhaps November is on that same track.

01:44The 10-year Treasury bond yielded 4.13%, and the two-year bond was at 3.58%.

01:49We do have some stocks in focus here today.

01:52The first one is going to be Warner Brothers Discovery, ticker WBD.

01:56That rose 3.34% as Comcast, ticker CMCSA, and Netflix, ticker NFLX,

02:02and Paramount prepare bids for Warner Brothers Discovery acquisition.

02:06You'll have to let me know if anyone is actually trading this and holding this for the buyout.

02:09The second stock on our list here is New Holdings.

02:13This is ticker NU.

02:15That gained 2.98% after reporting better-than-expected earnings

02:20and adding 4.3 million new customers during the third quarter across Brazil, Mexico, and Colombia.

02:26Globant, ticker GLOB, fell 3.31% after reporting downbeat earnings for the third quarter.

02:35Its earnings of 153 per share missed analyst consensus estimates of 154 per share,

02:41but sales of 617.14 million beat the estimate of 615 million.

02:48Applied materials, ticker AMAT, that declined 4.82% despite better-than-expected fourth-quarter

02:55financial results for fiscal 2025 as its China revenue tumbled as part of its total sales.

03:01The last stock on our list here is Fluent.

03:04This is ticker FLNT, and it dropped 6.93% after it reported worse-than-expected third-quarter

03:11financial results.

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