Stock Futures Fall
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U.S. stock futures declined on Friday after Thursday’s sharp sell-off. Futures of major benchmark indices were lower. This came despite the government reopening, as the Donald Trump administration stated that two of the most vital inputs for the Federal Reserve wouldn’t be released.
The U.S. stock market tumbled to one of its worst days since its springtime sell-off. The S&P 500 sank 1.7% Thursday and pulled further from its all-time high set late last month.
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Stock Market Today: Dow Craters As Nvidia, Palantir Fall; Jobs Data On Watch (Live Coverage)
The Dow Jones index fell Thursday, following a record high in the previous session after news of the U.S. government shutdown ending.
US stocks fell sharply on Thursday, led by a decline in tech stocks as the end of the longest-ever US government shutdown was met by concern from investors that the Federal Reserve's plans for a December rate cut might be in doubt.
On October 29, Goldman Sachs raised its price target on Dow Inc. (NYSE:DOW) to $27 from $24, while maintaining a Neutral rating on the stock, as reported by The Fly.
Still, investors should remember that Microsoft stock has increased by more than 1,300% since Satya Nadella became CEO in February 2014, and growth is expected to continue. Additionally, one aspect of Microsoft stock will probably lead to a stock split before its nominal price reaches four figures, so investors should prepare for such an event.
Netflix has sanctioned a 10-for-1 stock split intended to make shares more attainable for retail investors and employees involved in its stock option program.
The Dow Jones Industrial Average offers too small a sample size for many to be an effective gauge of how well the stock market is doing on any given day. But, of course, we have the S&P 500 for that,
Nvidia is unlikely to announce a stock split on Nov. 19. However, there are plenty of other reasons to be excited about Nvidia's prospects, and it's worth considering buying now as a result.
IBM has delivered new Quantum processors, software and algorithm breakthroughs on path to advantage and fault tolerance.