S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.36%, the Dow Jones Industrials Index ($DOWI) closed up +0.48%, and the Nasdaq 100 Index ($IUXX) closed up +0.11%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 all posting new all-time highs. Strength in Chinese economic data bolstered optimism in the global recovery and helped fuel U.S. stock gains. Strength in the U.S. housing market was another positive factor for stocks on Friday.
The stronger-than-expected U.S. housing data on Friday bolstered homebuilding stocks. DR Horton (DHI) closed up more than +3%, and Lennar (LEN) closed up more than +2%. Other notable gainers lifting the S&P 500 to a new record high Friday include a +3% gain in Sherwin Williams (SHW) and a +2% gain in Pfizer (PFE), Monster Beverage (MNST), and Darden Restaurants (DRI). Helping lift the DJIA to a new record high was Cisco Systems (CSCO), which closed up more than +2%... Read more