Nasdaq 100 Micro Dec '21 (NMZ21)
Nasdaq 100 Micro Futures Market News and Commentary
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%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.92%.
U.S stock indexes on Thursday posted moderate gains. Stocks rallied Thursday on positive carry-over from Wednesdays' FOMC meeting where the Fed expressed optimism in the U.S economic outlook, saying, "the economy and employment have continued to strengthen."
Thursday’s U.S. economic data was mostly bearish for stocks. U.S. weekly initial unemployment claims unexpectedly rose +16,000 to 351,000, showing a weaker labor market than expectations of a decline to 320,000. Also, the Sep Markit manufacturing PMI fell -0.6 to a 5-month low of 60.5, weaker than expectations of 61.0. On the positive side, Aug leading indicators rose +0.9% m/m, stronger than expectations of +0.7% m/m.
Today’s stock movers…
Energy stocks on Thursday rallied sharply after crud... Read more
- The Bulls Roar
Yesterday the markets soared as a continuation of Wednesday's upward trend. Will that change today?
- Stocks Rally on Fed Optimism in U.S. Economy
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.48%,...
- So Much for Hawkish Fed
So long – better said (as if it did apply in the first place). If June FOMC showed us anything, it was the power of (cheap) talk. We‘ve gone a long...
- Worsening Chip Woes to Curb Auto Production
The global semiconductor shortage shows no signs of easing and will further reduce the amount of vehicles automakers can produce. According to data from...
- Stocks Rally on Fed Taper Guidance
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is up by +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.20%, and...
- FOMC Aftermath
Actionable fundamental and technical landscape on ES, NQ, YM, RTY and more . . .