Skip to main content

S&P 500 futures dip as investors look to holiday-shortened trading week: Live updates

·1 min


S&P 500 futures slide as markets come off losing week #

S&P 500 futures dipped 0.33%, while Nasdaq 100 futures dropped 0.41%. Dow Jones Industrial Average futures lost 121 points. This follows a losing week on Wall Street as concerns arose over the Federal Reserve’s interest rate cuts. All three major indexes snapped five-week winning streaks. Wholesale prices rose more than expected, raising concerns about inflation. The shortened trading week kicks off with investors monitoring the leading index and economic data on nonmanufacturing. Traders are also watching corporate earnings reports from Home Depot, Walmart, and Palo Alto Networks.

Capital One to acquire Discover in $35.3 billion deal #

Capital One Financial announces plans to acquire Discover Financial Services in a $35.3 billion all-stock deal. The merger is set to close in late 2024 or early 2025, with Capital One shareholders holding 60% and Discover shareholders with 40% of the combined company. The merger aims to expand Capital One’s credit card offerings and deposit base.