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Stock Market Today: Nasdaq 100, Dow Jones Futures Rise Ahead Of Delayed September Jobs Report—Nvidia, Palo Alto, Super Micro Computer In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-11-20 10:25
U.S. stock futures rose on Thursday after Wednesday’s advances. Futures of major benchmark indices were higher.Investors await September’s job report, which is scheduled to be released today after the end of the record-long government shutdown last week.According to the FOMC minutes, released Wednesday, Federal Reserve officials appear sharply divided on the future path of interest rates. There was a split among participants following their decision to lower the federal funds target range to 3.75%–4.00%. Me ...
Stock Market Today: Nasdaq 100, Dow Jones Futures Rise Ahead Of Delayed September Jobs Report—Nvidia, Palo Alto, Super Micro Computer In Focus
Benzinga· 2025-11-20 10:25
Market Overview - U.S. stock futures rose on Thursday following gains from the previous day, with major benchmark indices showing positive movement [1] - Investors are anticipating September's job report, which is set to be released after the recent government shutdown [1] - The Federal Reserve's minutes indicate a division among officials regarding future interest rate paths, following a recent reduction in the federal funds target range to 3.75%–4.00% [1] Treasury Yields and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60% [2] - Market projections show a 33.8% likelihood of the Federal Reserve cutting interest rates in December [2] Stock Performance - Nvidia Corp. (NASDAQ:NVDA) rose 5.55% in premarket trading after reporting better-than-expected third-quarter results and a strong revenue forecast [6] - Palo Alto Networks Inc. (NASDAQ:PANW) dropped 4.15% despite beating estimates, as its full-year guidance aligned with analyst expectations [6] - Super Micro Computer Inc. (NASDAQ:SMCI) gained 5.87% following the launch of integrated AI factory systems with Nvidia's technology [6] Sector Performance - Information technology, communication services, and materials stocks led gains on Wednesday, while energy and utilities sectors closed lower [7] Analyst Insights - BlackRock maintains a "pro-risk stance" focused on U.S. equities and the AI theme, believing a cooling labor market may allow for interest rate cuts [9] - Despite volatility in tech stocks, BlackRock views the capital-intensive phase of AI development as necessary rather than a warning sign [10] Upcoming Earnings - Walmart Inc. (NYSE:WMT) was up 0.83% ahead of its earnings report, with expectations of earnings at 60 cents per share on revenue of $177.43 billion [12] - Intuit Inc. (NASDAQ:INTU) was 0.37% higher, with analysts expecting earnings of $3.09 per share on revenue of $3.76 billion [12]