S&P 500 Futures Up in Premarket Trading; Snowflake, MicroStrategy Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2024
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Source: Barron's
Stock Market Performance: Snowflake Inc. and MicroStrategy Inc. saw significant pre-market gains of 21.4% and 11.0%, respectively, while other companies like MARA and BJ's Wholesale Club also posted increases. Conversely, Knight-Swift Transportation and Vontier Corp. experienced declines.
Market Indicators: S&P 500 futures rose by 0.34% and Dow futures by 0.42%. In commodities, Brent crude oil and gold futures increased, while Bitcoin climbed to $97,982. The 10-Year Treasury yield fell to 4.394%.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.210
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Current: 22.210
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
