{"id":48414,"date":"2024-11-18T15:28:38","date_gmt":"2024-11-18T15:28:38","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/"},"modified":"2024-11-18T15:28:38","modified_gmt":"2024-11-18T15:28:38","slug":"stock-market-today-wall-street-seeks-recovery-amid-mixed-signals","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/","title":{"rendered":"Stock Market Today: Wall Street Seeks Recovery Amid Mixed Signals"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Market_Overview\" >Market Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Current_Market_Performance\" >Current Market Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Major_Stock_News\" >Major Stock News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Market_Indicators\" >Market Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-wall-street-seeks-recovery-amid-mixed-signals\/48414\/#Global_Market_Outlook\" >Global Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Overview\"><\/span>Market Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Monday, November 18, 2024, <b>U.S. stock futures are trading mixed<\/b> as investors digest last week&#8217;s sharp sell-off and look ahead to a busy week of earnings reports and economic data releases. The market is attempting to recover from its worst weekly performance since September, with the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> and Nasdaq Composite losing 2.1% and 3.2%, respectively, last week.<\/p>\n<p>As of 10:03 AM EST, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJI\">DJI<\/a>) is down 0.1%, while the S&#038;P 500 (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>) is flat, and the Nasdaq Composite is fractionally higher. The recent market downturn can be attributed to concerns about future monetary policy, potential economic slowdown, and Federal Reserve Chair Jerome Powell&#8217;s cautious approach to rate cuts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Current_Market_Performance\"><\/span>Current Market Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last week&#8217;s disappointing performance saw all three major stock indexes decline:<\/p>\n<p>&#8211; Dow Jones Industrial Average: Down 1.2%<br \/>&#8211; S&#038;P 500: Down 2.1%<br \/>&#8211; Nasdaq Composite: Down 3.2%<\/p>\n<p>The tech-heavy Nasdaq Composite finished at 18,680.12 on Friday, tumbling 2.2% or 427.53 points, closing below the crucial 19,000 level for the first time since November 6. The S&#038;P 500 slid 1.3% to finish at 5,870.62, with eight out of 11 broad sectors ending in negative territory.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key economic reports and earnings releases this week:<\/p>\n<p>1. <b>Economic Data:<\/b><br \/>   &#8211; November&#8217;s S&#038;P Global Manufacturing PMI and Services PMI (Thursday)<br \/>   &#8211; October Existing Home Sales Change report (Thursday)<br \/>   &#8211; Michigan Consumer Sentiment Index for November (Friday)<\/p>\n<p>2. <b>Earnings Reports:<\/b><br \/>   &#8211; Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) &#8211; Wednesday (highly anticipated)<br \/>   &#8211; Palo Alto Networks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PANW\">PANW<\/a>)<br \/>   &#8211; Walmart (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WMT\">WMT<\/a>)<br \/>   &#8211; Target (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TGT\">TGT<\/a>)<br \/>   &#8211; Lowe&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LOW\">LOW<\/a>)<br \/>   &#8211; Nio (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NIO\">NIO<\/a>)<br \/>   &#8211; Snowflake (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SNOW\">SNOW<\/a>)<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_News\"><\/span>Major Stock News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>1. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>):<\/b> Shares are down 3% following reports of overheating issues with the company&#8217;s new Blackwell chips. Investors are eagerly awaiting Nvidia&#8217;s earnings report on Wednesday, which will offer insights into the demand for its AI chips.<\/p>\n<p>2. <b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>):<\/b> Up 6% on reports that President-elect Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a>&#8217;s transition team is planning a federal framework for fully self-driving vehicles. The stock has gained 40% since election day, as investors anticipate benefits from CEO Elon Musk&#8217;s close relationship with the president-elect.<\/p>\n<p>3. <b>Super Micro Computer (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SMCI\">SMCI<\/a>):<\/b> Shares are up 13% following reports that the company is expected to submit a plan for its delayed annual report, potentially avoiding a Nasdaq delisting.<\/p>\n<p>4. <b>Other Tech Giants:<\/b> Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>), and Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>) are mostly higher, while Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) is slightly down.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indicators\"><\/span>Market Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; The fear-gauge CBOE Volatility Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VIX\">VIX<\/a>) jumped 12.8% to 16.14 on Friday, its highest since November 5.<br \/>&#8211; The U.S. 10-year treasury yield is up, floating near 4.435%.<br \/>&#8211; WTI crude oil futures are trending higher, hovering near $67.23 per barrel.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Outlook\"><\/span>Global Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>European markets opened mixed on Monday, focusing on several economic releases, including the U.K.&#8217;s latest inflation report and Euro Zone&#8217;s Consumer Price Index. In Asia, most indices were down as traders await key economic reports from the region, particularly Japan&#8217;s trade data on Wednesday and inflation figures on Friday.<\/p>\n<p>As <b>Wall Street looks to recover from last week&#8217;s slump<\/b>, investors remain cautious amid mixed signals from the market. The upcoming earnings reports, especially Nvidia&#8217;s, and economic data releases will likely play a crucial role in determining market sentiment in the coming days. Traders are advised to stay vigilant and monitor these key events closely as they navigate the current market landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview On Monday, November 18, 2024, U.S. stock futures are trading mixed as investors digest last week&#8217;s sharp sell-off 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