Stock Futures Mixed to Start Holiday-Shortened Trading

Wall Street is headed for its 4th-straight weekly gain

Deputy Editor
Nov 24, 2023 at 9:04 AM
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Stock futures are trading modestly as Wall Street returns briefly from the Thanksgiving holiday, with the market closing at 1 p.m. ET. Futures on the Dow Jones Industrial Average (DJIA) are tepidly higher, while S&P 500 Index (SPX) futures sit flat, and Nasdaq-100 Index (NDX) futures dip lower, as all three major indexes head for their fourth-straight winning week. 

Continue reading for more on today's market, including: 

  • Oil stock at a historically bullish trendline. 
  • Keep an eye on inflation data next week. 
  • Plus, IRBT's potential buyout; FSR files 10Q, and Nvidia delays chip launch. 

Futures Nov24

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw over 1.3 million call contracts and more than 1 million put contracts traded Wednesday. The single-session equity put/call ratio fell to 0.78 and the 21-day moving average stayed at 0.69.
  2. iRobot Corporation (NASDAQ:IRBT) stock is up 28.6% premarket, after reports circulated that the European Union (EU) is about to approve Amazon.com's (AMZN) $1.4 billion acquisition of the electronics company. Since the start of the year, the equity is down 38% headed into today. 
  3. Fisker Inc (NYSE:FSR) stock is up 5.7% in electronic trading, after the electric vehicle company filed a 10Q with the Securities and Exchange Commission (SEC). Looking to bounce off last sessions record lows, the stock is down 70.8% in 2023. 
  4. Nvidia Corp (NASDAQ:NVDA) stock is down 0.8% before the bell, after the chipmaker told customers it's delaying the launch of a China-focused chip designed to comply with U.S. export restrictions. Since the start of the year, NVDA is up a whopping 233%. 
  5. See what economic data is due out today.  

buzznov24

Japan Releases Inflation Data

Asian markets were mostly lower, as investors unpack inflation data out of Japan. Core inflation of 2.9% increased from October’s 2.8% reading, but fell short of this month’s estimates of 3%, while factor activity also remained in contraction. In response, the Japan was the only gainer, adding 0.5% and closing at five-month highs. Elsewhere, Hong Kong’s Hang Seng fell 2%, while China’s Shanghai Composite and South Korea’s Kospi both shed 0.7%.

Stocks in Europe are mixed as well. Germany’s DAX was last seen 0.1% higher, after the final gross domestic product (GDP) figures confirmed a 0.1% rise earlier this month – down 0.8% from a year earlier. Rounding out of the region, France’s CAC 40 is up 0.2% this afternoon, while London’s FTSE 100 falls 0.2%.

 

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