Stock Market Today: Dow Slips, S&P 500 Futures Gain Amid Mixed Trade—Carvana, Confluent, Toll Brothers In Focus

5 hours ago

U.S. stock futures were fluctuating on Monday after Friday’s advance. Futures of major benchmark indices were mixed.

President Donald Trump's administration plans to unveil a long-awaited $12 billion financial rescue package on Monday aimed at U.S. farmers struggling under the combined weight of low market prices and the impact of tariff policies.

Investors await a crucial decision from the Federal Reserve later this week, along with the earnings report of Oracle Corp. (NYSE:ORCL), Broadcom Inc. (NASDAQ:AVGO), Adobe Inc. (NASDAQ:ADBE), Campbell’s Co. (NASDAQ:CPB), and others.

Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.58%. The CME Group's FedWatch tool‘s projections show markets pricing an 87.4% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Monday. The SPY was up 0.12% at $686.52, while the QQQ advanced 0.23% to $626.90, according to Benzinga Pro data.

Transcript

00:00all right S&P futures in the green here this morning up 0.14 percent Dow futures exactly at

00:13flat and the Nasdaq up 0.28 percent so right near flat but still slightly in the green here today

00:22let's go ahead and take a look at some cues from the last session communication services

00:29and information technology stocks closed higher contrasting with utilities health care and energy

00:35stocks which recorded the biggest losses on Friday President Trump's administration plans to

00:43unveil a long-awaited 12 billion dollar financial rescue package on Monday aimed at U.S. farmers

00:49struggling under the combined weight of low market prices and the impacts of tariffs investors await a

00:55crucial decision from the Federal Reserve later this week along with earnings reports for Oracle

01:01Broadcom Adobe and Campbell's meanwhile the 10-year treasury bond yielded 4.16 percent and the two-year

01:09bond was at 3.58 percent now we do have several stocks in focus here today and the number one

01:16stock comes from news that we got after the close on Friday that's going to be Carvana ticker CVNA and

01:23it jumped 8.81 percent following its inclusion to the S&P 500 index on Friday so we do expect Carvana

01:32to get bought over the next several weeks as now it's part of the S&P we'll see how Carvana trades

01:37today obviously it's gapping up here in the morning we'll see how it trades the rest of the session and

01:43then where it closes but that's our first stock in focus here to kick off the new week the next stock

01:49back on the list is Confluent this is ticker CFLT that gained 31.59 percent on the reports that IBM

01:57ticker IBM was close to acquiring the data software company for 11 billion so we'll have to keep an eye

02:04there on Confluent Toll Brothers ticker TOL was 0.55 percent higher as analysts expected to report

02:12$3.3 billion after the closing bell the next stock on our list is Farisa that's ticker PHR that was up

02:251.95 percent as it's scheduled to report earnings after the closing bell analysts expect earnings of

02:32two cents per share on revenue of 120.05 million the next stock and last stock on our list here today is

02:40going to be compass minerals international ticker CMP it was unchanged as analysts expect it to report

02:47a loss of 23 cents per share on revenue of 223.5 million after the closing bell

Stock Market Today: Dow Slips, S&P 500 Futures Gain Amid Mixed Trade—Carvana, Confluent, Toll Brothers In Focus

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