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  • 7 weeks ago
U.S. stock futures fell on Tuesday after Monday’s lower close. Futures of major benchmark indices declined.

On Monday, the Nasdaq Composite dropped more than 100 points, following a week in which the S&P 500 lost 0.6% while the Dow rose 1.1%.

Traders have now turned their attention to Tuesday's economic calendar, which features the release of official payroll data for October and November alongside October retail sales.

Meanwhile, the 10-year Treasury bond yielded 4.16% and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing a 73.4% likelihood of the Federal Reserve leaving the current interest rates unchanged.

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 lower in premarket on Tuesday. The SPY was down 0.42% at $677.87, while the QQQ declined 0.59% to $606.95, according to Benzinga Pro data.

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00:00all right futures slightly under pressure ahead of tuesday's open for december 16th
00:12notably they are up off of the lows here s p futures down 0.14 and we're down more not long
00:19ago dow futures down 0.06 and the nasdaq down 0.25 so it looks like we've already got a bit of
00:27a pre-market bounce here today we'll see if that continues into the regular session before we do
00:33that let's take a look at some cues from last session well energy health care utilities and
00:38consumer discretionary stocks recorded the biggest gains information technology sector bucked the
00:44positive trend to close lower leaving u.s stocks in the red on monday and this looks to be a
00:50continuation of the rotation out of some of the big cap tech mega winners into some more maybe
00:57undervalued parts of the market as outlined there by energy health care utilities and consumer
01:02discretionary on monday the nasdaq composite dropped more than 100 points following a week in which the
01:11s p 500 lost six tenths of a percent while the dow rose 1.1 traders have now turned their attention to
01:19tuesday's economic calendar which features the release of official payroll data for october and november
01:25alongside october's retail sales so we are going to get some data here today we'll see if that has
01:29an impact meanwhile the 10-year treasury bond yielded 4.16 and the two-year bond was at 3.49
01:37we have several stocks in focus today first one we're going to start with here is roku that's ticker
01:44r-o-k-u shares jumped 4.1 in the pre-market on tuesday after its cfo and coo jetta dan sold more
01:54than 3 000 shares of class a common stock on december 15th for 107.44 per share totaling 322
02:02320 also as per investing.com report morgan stanley upgraded the stock from equal weight to overweight
02:12on tuesday raising its price target to 135 from 185 so i understand that the cfo and this uh this
02:19combination cfo coo sold 3 000 shares we can actually take a look at that in pro if you want
02:27and just see how often those sales are coming really the reason that roku is responding to
02:32the positive here today is because of the morgan stanley upgrade from equal weight to overweight and
02:37that's a pretty substantial substantial excuse me price target raise from 85 to 135 the next stock on
02:44our list here is going to be blue owl capital the ticker is owl that rose 1.22 after announcing an
02:51enhanced strategic partnership with finance of america companies that includes a 2.5 billion
02:57dollar commitment and a 50 million dollar equity injection to support lenders expansion into new
03:03home equity based financial products for retirees
03:06the next stock on our list is b reilly this is ticker r-i-l-y and it surged 25.54 percent after
03:15reporting earnings of 450 per share for the second quarter versus a year ago a loss of 1435 per share
03:22the company's sales surged to 225.3 million from 94.88 million it's also high short interest on r-i-l-y
03:32the next stock that we're going to look at here today in focus is navon that's ticker n-a-v-n
03:39it tumbled 11.17 percent after posting upbeat results for the third quarter but issuing weaker
03:46than expected full year 26 guidance the company stated that it anticipates full year 26 sales of
03:52685 million to 687 million compared to the market estimates of 830.87 million remember it's been
04:01the guidance that has really determined the next move for some of these stocks on earnings and
04:05while navon beat here the guide uh pretty good pretty decent cut there and as a result stock is
04:11tumbling because of that the last stock on our list here is lenar ticker l-e-n that was 0.025 percent
04:21lower as analysts expect it to report earnings of 221 per share on revenue of 9.02 billion
04:28after the closing bell here today
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