Stock Market Today: Dow Jones, S&P 500 Future Rise Ahead Of Thanksgiving Holiday—Dell Technologies, Autodesk, Uber In Focus

5 weeks ago

U.S. stock futures rose on Wednesday after Tuesday’s advances. Futures of major benchmark indices were higher.

The three-day winning streak comes amid a holiday-shortened week, as the markets will be closed on Thursday and open till 1:00 p.m. ET on Friday.

Traders are aggressively pricing in a December cut amid dovish central bank guidance.

Transcript

00:00futures are green ahead of this morning's open on the day before thanksgiving s&p futures up 0.21

00:14percent dow futures up 0.05 percent and nasdaq leading the way higher at 0.38 percent let's go

00:22ahead and take a look at some cues from last session communication services health care and

00:27consumer discretionary stocks recorded the biggest gains on tuesday leading most s&p sectors into

00:33positive territory the three-day winning streak comes amid a holiday shortened week as the markets

00:39will be closed on thursday and only open till 1 p.m eastern on friday meanwhile the 10-year treasury

00:47bond yielded 4.01 percent and the two-year bond was at 3.46 percent traders are aggressively pricing in

00:55a december rate cut amid a dovish central bank guidance that cme watch tool is now up to 84

01:02percent so it certainly feels like we're getting a rate cut in the december meeting which is several

01:08weeks away just be advised things can change between now and then but so far looks pretty good

01:14now we do have some stocks in focus here today some of them are going to be a repeat of yesterday as

01:20those companies have reported earnings and the first one here is dell which jumped 4.94 percent

01:25after reporting mixed financial results for the third quarter on tuesday it did raise its full year

01:30outlook expect expecting fiscal 2026 revenue in the range of 111.2 billion to 112.2 billion that was up from

01:40a prior guide of 105 to 109 billion also worth noting here the options implied about a five and a half

01:46percent move on dell we didn't get that that's been common for some of these technology stocks although

01:52dell still holding higher in the pre-market here today the next stock on our list here is going to

01:58be hp that's ticker hpq that tumbled 5.67 percent despite posting better than expected earnings for

02:05the fourth quarter after tuesday's closing bell however the company announced layoffs and issued week

02:11forward guidance and again the guide has really been the crux of the earnings report that generally

02:17determines the direction of the stock lowered guidance here for hp not a surprise to see that

02:22sinking the next stock on our list here is going to be autodesk that's ticker adsk that climbed by seven

02:28percent following third quarter earnings revenue earnings and revenue beat excuse me it also guided for

02:33full year revenue of 7.15 billion to 7.17 billion and raised its full year adjusted earnings guidance to a

02:40new range of 10.18 to 10.25 per share versus the estimate of 9.95 per share the next stock on our list

02:49here is going to be zscaler this is ticker zs that dropped 7.15 percent despite beating analyst estimates

02:56on the top and bottom lines and raising its fiscal 2026 adjusted eps and revenue outlook now this the

03:03opposite right we had a guide raise here and a top and bottom line beat zscaler still down by seven percent

03:09here perhaps a bounce play here today as in the pre-market today it is a little bit stronger than

03:15the after hours where it settled out yesterday by the way that after hours low on zscaler yesterday was

03:21260.10 cents today the stock is 272 in the pre-market so still 12 points higher than the impulse low from

03:29last night the last stock on our list here is going to be uber ticker uber that was up 0.73 percent

03:36after it announced the launch of level 4 fully driverless robo taxi commercial operations in

03:43abu dhabi along with we ride ticker wrd that's one stock that we've been trading recently here

03:49that gained 1.52 percent

03:52you

Stock Market Today: Dow Jones, S&P 500 Future Rise Ahead Of Thanksgiving Holiday—Dell Technologies, Autodesk, Uber In Focus

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