S&P 500 Energy Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed down -0.34%, the Dow Jones Industrials Index ($DOWI) closed up +0.05%, and the Nasdaq 100 Index ($IUXX) closed down -0.77%.
U.S. stock indexes on Thursday settled mixed the Dow Jones Industrials at 2-3/4 month high. Weak U.S. labor data weighed on stock prices Thursday. However, the Dow Jones Industrials index eked out a small gain Thursday on hopes the economy will recover from coronavirus lockdowns with increased government and central bank support.
Stocks found support Thursday after the ECB added 600 billion euros to its Pandemic Emergency Purchase Program, above estimates of 500 billion euros, and extended the program beyond the end of this year to June 2021. Stocks also found support after German lawmakers late Wednesday agreed on a second coronavirus rescue package worth 130 billion euros ($145 billion), above initial expectations of 100 billion euros.
Thursday's U.S. labor market data was negative for stocks. U... Read more