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Tech Momentum Pushes Futures Higher as UnitedHealth Pressures the Dow

U.S. stock futures are showing a split tone as the new trading day begins. Strength in major technology names is lifting the S&P 500 and Nasdaq, while a decline in UnitedHealth is weighing on the Dow and keeping the broader market from moving in unison. S&P 500 futures are edging higher, supported by renewed enthusiasm for large-cap tech and semiconductor stocks. Nasdaq futures are seeing even stronger gains as investors continue to favor growth sectors. In contrast, Dow futures are slipping, pulled lower by weakness in UnitedHealth following its latest earnings update. The market is also navigating a heavy wave of corporate results, with companies across industries reporting quarterly performance. This earnings rush, combined with ongoing geopolitical and trade developments, is adding an extra layer of uncertainty to the session. Despite the mixed signals, overall sentiment remains cautiously optimistic. Tech leadership continues to provide a stabilizing force, and investor...
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Wall Street Seeks First Gains of 2024 in Modest Pre-Market Trading

 

Wall Street is seeking its first gains of 2024, with the benchmark S&P 500 index ticking modestly higher in premarket trading on Thursday. The index has fallen in four of the past five sessions, as investors have grown increasingly cautious about the U.S. central bank’s expected pivot to rate cuts this year and how quickly these might be implemented. While the Fed is widely expected to keep rates on hold in January, traders have priced in a 67% chance of a 25 basis point rate cut in March, as per CMEGroup’s FedWatch tool. The Toronto Stock Exchange’s S&P/TSX composite index ended down 53.56 points, or 0.3%, at 20,818.58 on Wednesday.

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