Stock Futures Look to Continue Rebound

Small business sentiment declined in its most recent reading

Laura McCandless

Deputy Editor

Sep 10, 2024 at 9:19 AM

Stock futures are on the rise this morning, as Wall Street looks to extend its rebound from last week's selloff. Futures on the Nasdaq-100 Index (NDX) are indicating the strongest open, while S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) futures sit modestly higher as well. The NFIB Business Optimism Index dropped 2.5 points to 91.2, as small business owners grow concerned over profits.

Investors are also unpacking the latest Apple (AAPL) event while looking ahead to the first -- and potentially only -- debate tonight between Presidential candidates Kamala Harris and Donald Trump.

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

Potential for another delta-hedge selloff, warns V.P. of Research Todd Salamone.
2 sports betting stocks to watch as NFL season kicks off.
Plus, ORCL jumps after earnings; JCI upgraded; and HPE sinks.

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw over 1.1 million call contracts and 744,025 put contracts exchanged on Monday. The single-session equity put/call ratio fell to 0.64 and the 21-day moving average remained at 0.65.
Oracle Corp (NYSE:ORCL) stock is up 8% premarket, after the cloud company reported better-than-expected fiscal first-quarter results. Should these gains hold, the shares will open at an all-time high. Year to date, ORCL is up 32.7% heading into today.
Johnson Controls International PLC (NYSE:JCI) is up 2.3% before the bell, after the industrial stock was upgraded by BofA Global Research to "buy" from "neutral." The firm cited 'best-in-class' data center assets. JCI is up 19% in 2024.
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) is down 5.6% in electronic trading, after the company announced it will sell $1.35 billion in Series C convertible notes to fund recently acquired Juniper Networks. Should these losses hold, HPE will drop into negative territory for the year.
What's out this week aside from inflation data.

buzzsept10

Markets Muted Overseas

Markets in Asia finished on either side of the aisle, as investors digested strong export data out of China, which showed 8.7% year-over-year growth for August. Meanwhile, imports rose a lower-than-expected 0.5%. Shares of Alibaba (BABA) gave Hong Kong’s Hang Seng a lift, with the index closing 0.2% higher. Elsewhere, China’s Shanghai Composite added 0.3%, Japan’s Nikkei fell 0.2%, and South Korea’s Kospi dropped 0.5%.

Indexes across the pond are also mixed, as the tech sector shifts higher and healthcare stocks struggle. At last look, London’s FTSE 100 is down 0.5%, France’s CAC 40 is up 0.3%, and Germany’s DAX is sporting a 0.4% deficit.

Follow @Schaeffers

Are You Ready for AI's Potential Supercycle Phase?
Amazon's Jeff Bezos surprised investors when he revealed that one emerging technology is the key to Amazon's future success... This technology could be worth $80 trillion by 2030. Learn more and join Motley Fool's Stock Advisor for 50% off!

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.