A trader works on the floor of the New York Stock Exchange. <\/p>\n
NYSE<\/p>\n
Stock futures were relatively flat Tuesday night following a session where investors sold off technology names and drove a rally in more risk-off parts of the market.<\/p>\n
Futures tied to the Dow Jones Industrial Average<\/a> added 3 points points, or 0.01%. S&P futures<\/a> and Nasdaq 100 futures<\/a> both inched up less than 0.1%.<\/p>\n Tuesday saw a tale of two markets emerge \u2014 the\u00a0Dow Jones Industrial Average<\/a>\u00a0rallied more than 550 points to close at a record high, while the\u00a0Nasdaq Composite<\/a>\u00a0slipped. The S&P 500<\/a> closed up higher, notching its third positive session in a row.<\/p>\n Consumer stocks such as Walmart<\/a>, Home Depot<\/a> and McDonald’s<\/a> propped up the 30-stock Dow on Tuesday as traders moved into parts of the market with lower valuations and less exposure to the artificial intelligence trade. The health care sector was the top-performing sector, driven by moves higher in names such as Eli Lilly<\/a> and Johnson & Johnson<\/a>.<\/p>\n Darling AI stocks such as Nvidia<\/a> swung lower on Tuesday, reflecting the uneasy sentiment among investors that tech valuations could be stretched after their recent surge. Talks of a stock market bubble have not dissipated either, but investors are showing more discernment between which tech giants appear to have a leg-up in the AI race.<\/p>\n “When you have very few groups making new highs, very few stocks remaining above their 200-day moving average or 40-day moving average \u2026 it’s a very interesting rotation,” Craig Johnson, chief market technician at Piper Sandler, said Tuesday on CNBC’s “Power Lunch.” “What hasn’t been working is a place to go hide right now.”<\/p>\n Investors also digested a new ADP report<\/a> that showed private employers cut payrolls in October,\u00a0adding to worries about labor market weakness. The report received greater focus since the record-setting U.S. government stoppage has halted many crucial economic releases. The U.S. government could reopen as soon as the end of this week. The Senate on Monday evening passed a spending bill<\/a> that has since moved to the House of Representatives for a final vote.<\/p>\n","protected":false},"excerpt":{"rendered":"A trader works on the floor of the New York Stock Exchange. NYSE Stock futures were relatively flat…\n","protected":false},"author":3,"featured_media":372873,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133,64,81,91320,37520,37925,1876,135,18110,91322,147,91321,145,134,67,132,68,29218],"class_list":{"0":"post-372872","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breaking-news-markets","9":"tag-business","10":"tag-business-news","11":"tag-dow-jones-fut-sep25","12":"tag-eli-lilly-and-co","13":"tag-home-depot-inc","14":"tag-johnson-johnson","15":"tag-markets","16":"tag-mcdonalds-corp","17":"tag-nasdaq-100-fut-sep25","18":"tag-nvidia-corp","19":"tag-sp-500-fut-sep25","20":"tag-sp-500-index","21":"tag-stock-markets","22":"tag-united-states","23":"tag-unitedstates","24":"tag-us","25":"tag-walmart-inc"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115534292897023761","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/372872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=372872"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/372872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/372873"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=372872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=372872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=372872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}