U.S. stock futures traded mixed on Monday morning ahead of earnings from chip giant Nvidia (NVDA) and major retailers like Walmart (WMT), Home Depot (HD), and Target (TGT). Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.08% and 0.01%, respectively, while futures tied to the Dow Jones Industrial Average (DJIA) were down 0.05%, at 8:15 a.m. EST on November 17.
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During Friday’s regular trading session, the three major indexes closed mixed, weighed down by uncertainty over the Federal Reserve’s next policy move and a sharp decline in technology stocks.
Coming to trending stocks, shares of Google-parent Alphabet (GOOGL) gained about 4% in Monday’s pre-market trading after Warren Buffett’s Berkshire Hathaway (BRK.B) revealed a $4.3 billion stake in the tech giant and further reduced its holdings in iPhone maker Apple (AAPL).
Meanwhile, shares of Chinese electric vehicle (EV) maker XPeng (XPEV) fell more than 2% as the company’s Q4 guidance fell short of expectations and overshadowed a narrower-than-expected loss for the third quarter. Also, Dell Technologies (DELL) stock was down more than 4% as Morgan Stanley double-downgraded its rating.
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