U.S. Futures Edge Up 0.2% as 1,500-Point Dow Rally Meets Election, Oil Reset
Updated
Updated · CNBC · Nov 4
U.S. Futures Edge Up 0.2% as 1,500-Point Dow Rally Meets Election, Oil Reset
3 articles · Updated · CNBC · Nov 4
Summary
Dow futures rose 90 points, or 0.2%, on Wednesday evening, while S&P 500 futures added 0.1% and Nasdaq-100 futures were flat after a powerful cash-session rebound.
WTI crude's more than 8% drop to $88.12 a barrel helped drive Wednesday's rally, with the Dow jumping over 1,500 points and the S&P 500 gaining 1.6% as investors absorbed Democrats' midterm sweep.
Qualcomm fell 6.5% after beating estimates, while AppLovin surged nearly 24% on stronger-than-expected results and guidance, underscoring uneven post-election trading beneath the index gains.
Data-center and AI infrastructure names such as CoreWeave stayed under pressure on fears that new Democratic state leaders could tighten development rules, even as consumer names like Walmart outperformed.
Weekly jobless claims on Thursday and October payrolls on Friday are the next tests for a market that portfolio managers still see as volatile rather than fully cleared by one relief rally.