S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Monday closed up +0.36%, the Dow Jones Industrials Index ($DOWI) closed down -0.12%, and the Nasdaq 100 Index ($IUXX) closed up +0.87%.
U.S stock indexes on Monday settled mixed with the Nasdaq 100 climbing to a new record high. A rally in technology stocks on Monday was supportive for the overall market and helped pushed the Nasdaq 100 to a new all-time high. However, concerns about pandemic lockdowns pushed airline stocks lower and weighed on the overall stock market.
Apple rose +2.8% Monday to a new record high and Tesla gained more than +4.0% to an all-time high to lead gains in technology stocks. Apple rallied Monday after Raymond James issued an "outperform" rating on Apple and raised its price target on the stock to $150 from $140, citing optimism about Apple's earnings results that will be released Wednesday after the close. Tesla rose Monday after Wedbush said that strong Chinese demand would drive Tesla's annual ele... Read more