US Equity Futures Steady Post-Trump Election Victory
10 months ago

US equity futures remained stable on Friday as traders sought new market signals following Donald Trump's recent presidential election victory. The Dow Jones Industrial Average futures held steady, while S&P 500 futures experienced a slight dip of less than 0.1%, and Nasdaq futures declined by 0.2%, aligning with estimates gathered by Bloomberg. Earlier in the week, major indices had rallied after Trump's win over Vice President Kamala Harris in the 2024 presidential election.

Additionally, on Thursday, the Federal Open Market Committee announced a 25 basis point reduction in its benchmark lending rate, adjusting it to a new range of 4.5% to 4.75%. In commodity markets, oil prices reflected a downturn, with North Sea Brent crude, the front-month global benchmark, falling 1.5% to $74.49 per barrel, and US West Texas Intermediate crude retreating by 1.8% to $71.03 per barrel. As for consumer sentiment, which is set to be released at 10 am ET, expectations indicate a rise to 71.0 in November from a previous measurement of 70.5 in October, based on estimates compiled by Bloomberg..

calendar_month
Economic Calendar

Cookie Settings

We use cookies to deliver and improve our services, analyze site usage, and if you agree, to customize or personalize your experience and market our services to you. You can read our Cookie Policy here.