US Market: Wall Street reacted with mixed sentiment at the latest approval from President Joe Biden to allow Ukraine to use long-range missiles made and supplied by the United States Of America (USA) to hit deeper into Russia. It has been nearly three years since Moscow invaded Ukraine. In response to this, Russia’s President Vladimir Putin has warned Ukraine and the USA of a third world war.

Putin stated that Biden’s approval for US-made missiles to Ukraine to attack Russia deeper was not acceptable. He has warned that it could lead to World War 3.

Ukraine’s President Volodymyr Zelenskyy has been urging the US to allow the use of long-range missile attacks on Russia, however, earlier the Biden administration was reluctant on concerns of further escalation in the war. However, that stance changed just two months before Biden gave the reign US President to Donald Trump.

US Stocks Futures On November 19:

US stock futures surged as investors looked out for key tech earnings this week. Also, the tensions between Russia and Ukraine rile up.

The Dow Jones Industrial Average Index Futures is up by 51 points to 43,592, while the S&P 500 Index Futures surged by 9.50 points to 5,929.50. Further, the Nasdaq-100 Futures gained by 44.25 points to 20,677.75 in the early trade.

US Market On November 18

Dow Jones: The Dow Jones Industrial Average or DJIA index ended at 43,389.60, down by 55.39 points or 0.13%.

Nasdaq Composite: The tech-heavy index closed at 18,791.81, up by 111.69 points or 0.60%.

S&P 500: The index ended at 5,893.62, up by 23 points or 0.39%.

According to Trading Economics, in after-hours trading, Walmart gained 1.5% ahead of its earnings release, scheduled for Tuesday morning. In contrast, Alphabet dropped nearly 1% after reports that the US DOJ plans to ask a judge to force Google to divest its Chrome browser, citing antitrust concerns. Trump Media & Technology Group also saw a decline of over 3% following news that it is in discussions to acquire cryptocurrency trading platform Bakkt.

Trading Economics further added that on Monday, during regular trading, the S&P 500 and Nasdaq Composite both posted gains, rising 0.39% and 0.6%, respectively, as they rebounded from recent declines. However, the Dow slipped 0.13%, marking its fourth loss in five sessions. The overall market sentiment was supported by optimism surrounding potential future rate cuts and expectations of a more business-friendly administration.

Story first published: Tuesday, November 19, 2024, 9:25 [IST]