Nasdaq 100 Micro Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.89%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.75%.
U.S. stock indexes on Friday fell sharply, as the S&P 500 dropped to a 3-1/4 month low, the Dow Jones Industrials slid to a 1-1/2 month low, and the Nasdaq 100 slumped to a 3-1/2 month low. A more than -21% plunge in Netflix on Friday led technology stocks lower and weighed on the overall market after the company forecast fewer than expected streaming customers in Q1.
Disappointing quarterly earnings results Friday from Huntington Bancshares and SVB Financial Group also weighed on market sentiment. In addition, long liquidation pressures weighed on stocks ahead of next week’s FOMC meeting when the Fed may announce its plans to start raising interest rates.
Friday’s U.S. economic data was bullish for stocks after the U.S. Dec leading indicators rose... Read more