E-Mini S&P 500 Dec '14 (ESZ14)
E-Mini S&P 500 Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is down by -0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.56%.
U.S stock indexes this morning are mixed. Weakness in technology stocks is weighing on the overall market. Also, a -6% slump in Nike is dragging retail stocks lower. U.S. stock indexes recovered from their worst levels after U.S. Aug new home sales rose more than expected to a 4-month high.
Today’s U.S. economic data was bullish for stocks. U.S. Aug new home sales rose +1.5% m/m to a 4-month high of 740,000, stronger than expectations of 715,000.
Comments today from Cleveland Fed President Mester were bearish for stocks when she said upside risks to inflation outweigh downside risks, and she supports tapering asset purchases in November.
The 7-day average of new U.S. Covid infections fell to 126,169 on Thursday, a 6-week low.
Today’s stock movers... Read more
- China Completes its Crackdown on Cryptocurrencies
Cryptocurrency prices are sinking today after China’s central bank (PBOC) said all crypto-related transactions are illegal. Bitcoin (^BTCUSD ) is down...
- Stocks Mixed as U.S. New Home Sales Climb
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is down by -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.21%,...
- Will Biden’s Neo-Populist Economic Doctrine Support Gold?
Biden scaled back on his infrastructure bill. However, with all the remaining cards still in play, his economic agenda should be positive for gold.
- Pre-Market Brief: U.S. Stocks Set to Open Lower on Retail and Crypto
Morning Markets Dec S&P 500 futures this morning are down by -0.48%. U.S. retail stocks are moving lower in pre-market trading, led by a -5% fall in Nike...
- The Bulls Roar
Yesterday the markets soared as a continuation of Wednesday's upward trend. Will that change today?
- Stocks Rally on Fed Optimism in U.S. Economy
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.48%,...