S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +0.51%, the Dow Jones Industrials Index ($DOWI) closed up +0.20%, and the Nasdaq 100 Index ($IUXX) closed up +0.94%.
U.S. stock indexes on Wednesday settled moderately higher, with the Nasdaq 100 climbing to a new record high. Stocks rose on better-than-expected U.S. economic data along with favorable inflation comments by Fed officials.
L Brands (LB) rallied over +5% Tuesday to lead gainers in the S&P 500 after MKM Partners and Evercore ISI said the spinoff of its Victoria Secret chain would create shareholder value.
Nvidia (NVDA) rallied more than +2% Tuesday after Raymond James raised its price target on the stock to $900 from $750, saying “the company is the best positioned for growth over the long term.”
Sally Beauty Holdings (SBH) surged more than +13% Tuesday after Cowen and Oppenheimer both upgraded the stock to outperform from market perform.
Splunk (SPLK) closed up more than +11% Tuesday to lead... Read more