U.S. stock futures edged lower Wednesday evening as Wall Street digested a wave of Big Tech earnings and the Fed Chair Jerome Powell’s comment. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were down 0.21%, 0.16%, and 0.12%, respectively, at 6:30 p.m. EDT on October 29.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Earlier in the day, the Dow Jones had briefly touched a record high before closing down 0.2%. Also, the S&P 500 ended flat, and the Nasdaq Composite rose nearly 0.6%. Powell’s comment that “a further reduction in the policy rate at the December meeting is not a foregone conclusion” pointed to a more cautious stance than markets had priced in.
Meanwhile, investors are looking ahead to a high-stakes meeting between President Trump and Chinese President Xi Jinping, which could shape the next phase of U.S.-China trade relations.
On the earnings front, Amazon (AMZN), Apple (AAPL), Mastercard (MA), Coinbase (COIN), and Reddit (RDDT) are scheduled to release their quarterly numbers.
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.