Stock Market Today: Live Updates on Volatile Trends and Surging Opportunities!

"Stock Market Live: Updates on Trends and Opportunities!"

Stocks opened slightly lower, with notable premarket movements from Intuit, Flutter Entertainment, and Gap, while Trump’s AG pick may benefit tech.
Rachel Patel22 November 2024Last Update :
Stock market today: Live updates
www.cnbc.com

On November 22, 2024, stock market futures opened slightly lower as investors reacted to mixed earnings reports and economic data. The Nasdaq 100 futures fell by approximately 0.2%, while Dow and S&P 500 futures were down around 0.1%. Key companies such as Gap and Intuit made headlines in premarket trading, influencing overall market sentiment.

6 Key Takeaways
  • Stocks open little changed today.
  • Intuit shares drop 3% on earnings miss.
  • Gap stock surges 20% after outlook upgrade.
  • Piper Sandler downgrades Sunrun amid uncertainty.
  • Texas Pacific Land to join S&P 500.
  • Stock futures open slightly lower on Thursday.
Fast Answer: Stock futures opened lower on November 22, 2024, with Nasdaq 100 futures down 0.2%. Gap’s shares surged over 20% after raising its sales outlook, while Intuit’s stock fell about 3% due to disappointing earnings guidance. The market is poised for a second positive week across major indices.

Stocks are experiencing fluctuations as the market reacts to various earnings reports and economic indicators. Gap Inc. saw a significant increase in its stock price, climbing over 20% after the company raised its full-year sales forecast for the third time this year. This optimism contrasts with Intuit, which reported a 3% drop in its stock following a disappointing earnings guidance that fell short of analyst expectations.

In premarket trading, several companies were notable for their movements:

  • Gap’s stock surged over 20% after increasing its sales outlook.
  • Intuit’s shares fell approximately 3% due to a forecast of $2.55 to $2.61 per share, missing the expected $3.25.
  • Flutter Entertainment’s stock rose more than 1% after receiving a buy rating from Goldman Sachs.

Despite early losses, analysts remain optimistic about a potential rebound. Adam Crisafulli from Vital Knowledge noted that the declines in futures were more reflective of thin liquidity than negative News, suggesting a recovery may be likely. Additionally, the market is on track for a positive week, with the Nasdaq Composite up 1.56%, the S&P 500 up 1.33%, and the Dow up 0.98% week to date.

Notice: Canadian investors should monitor the implications of U.S. market movements, as fluctuations in major indices can impact Canadian stocks and the economy. Stay informed about how changes in U.S. policy and company performances may affect your investments.

Overall, the stock market is navigating a complex landscape with mixed signals from earnings reports and economic data. While some companies like Gap are thriving, others face challenges, indicating a varied market environment as the week progresses.

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