US stock futures little changed
Istanbul, 26 November (Hibya) – US stock index futures traded largely sideways with little change on Tuesday night, following several consecutive winning sessions for the major averages.
Futures tied to the Dow Jones Industrial Average rose 21 points, or 0.04 percent. S&P futures and Nasdaq 100 futures were almost unchanged.
The three major US stock indexes finished higher on Tuesday after a choppy trading session. The Dow Jones Industrial Average, which consists of 30 stocks, closed up more than 660 points (1.4 percent), marking its third consecutive positive session.
A number of technology stocks also advanced, lifting the broader market. Alphabet hit new record highs after reports that Meta Platforms is considering using the Google parent company’s TPU chips in 2027. Chipmaker Nvidia, however, lost more than 2.5 percent.
According to analysts, equities are trying to recover after several weeks of declines, indicating that dip buyers are still very active in the market. Notably, the market’s pullback in November was only around 4 percent from the late-October peak, well below the typical 10 percent correction threshold. For this reason, analysts say there is no clear catalyst in sight to drive the stock market sharply higher.
Investors continue to watch for catalysts that could influence the US Federal Reserve’s next interest-rate decision. Analysts say traders are pricing in roughly an 85 percent chance that the Fed will deliver a quarter-point rate cut in December.
The S&P 500 has fallen about 1.1 percent so far in November, while the tech-heavy Nasdaq Composite is down around 3 percent. The Dow has retreated by roughly 1 percent since the start of the month.
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