S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed +0.77%, the Dow Jones Industrials Index ($DOWI) closed +0.44%, and the Nasdaq 100 Index ($IUXX) closed +1.78%.
The S&P 500 index Friday morning saw early weakness on a slump in energy stocks, but was then led higher by a sharp rally in tech stocks and the Nasdaq 100 index. After the close Thursday, the big-name technology stocks of Apple, Amazon, and Google all reported impressive results. Apple soared by +10.34% on Friday and Amazon closed +3.57%. Alphabet gave up overnight gains and closed the day down -3.28%.
Stock prices on Friday managed to shake off the lack of progress in negotiations for a new pandemic bill since another round of negotiations was scheduled for Saturday. House Speaker Pelosi and White House chief of staff Meadows traded barbs on Friday. Democrats want an overall package and are refusing the Republican attempt to get a short-term extension of enhanced unemployment benefits, which expired on Friday. The Ho... Read more