New York City, NY – Stocks opened with little change today, as companies like Intuit, Flutter Entertainment, and Gap made headlines in premarket trading. Intuit’s stock pulled back about 3% after its earnings guidance for the current quarter fell short of analyst estimates. On the other hand, Flutter Entertainment saw a rise of over 1%, with Goldman Sachs giving it a buy rating. Gap’s shares surged over 20% as the clothing retailer raised its full-year outlook for the third time in 2024.

President-elect Donald Trump’s new choice for attorney general, Pam Bondi, is seen as a better fit for tech platforms than the previously nominated Matt Gaetz. Bondi, a former Florida attorney general and current lobbyist working on online privacy issues, is expected to lead the DOJ in a direction favorable for settlements with tech giants like Google and Amazon. This change in leadership is seen as a positive step for potential settlements in antitrust cases involving major tech companies.

Piper Sandler downgraded Sunrun, citing uncertain residential solar market conditions due to higher interest rates. Sunrun’s shares have taken a hit this year amid concerns about potential changes in tax credits supporting solar energy expansion. The company’s performance is expected to be impacted by the current economic environment, with uncertainties surrounding government policies affecting the residential solar market.

Retail stocks like Gap and Ross Stores saw significant movements in after-hours trading following their quarterly reports. Gap’s shares climbed 15% after beating estimates and raising its full-year sales guidance. Ross Stores reported earnings per share ahead of analysts’ projections, leading to a 7% increase in its stock price.

The Nasdaq, Dow, and S&P 500 are all on track for winning weeks, with positive performances across the board. Despite early losses in futures, experts suggest that stocks are likely to rebound, reflecting more of a reflection of thin liquidity than extremely negative news. Additionally, energy stock Texas Pacific Land is set to join the S&P 500 next week, marking a significant change in the index’s composition. This move is part of a series of index changes announced by S&P Dow Jones Indices, with effects taking place before the open of trading on November 26th.