Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Wednesday closed down -0.22%, the Dow Jones Industrials Index ($DOWI) closed down -0.35%, and the Nasdaq 100 Index ($IUXX) closed down -0.11%.
U.S. stock indexes on Wednesday traded mixed throughout the day and finally settled slightly lower after no breakthrough was made in stimulus negotiations. Stocks initially opened higher Wednesday on speculation that U.S. lawmakers will finally agree on a pandemic relief package.
Stock indexes on Wednesday initially opened higher on optimism that U.S. lawmakers might finally pass a stimulus deal before next month's election. White House Chief of Staff Meadows said Wednesday that "the last 24 hours have moved the ball down the field," and the goal is "some kind of stimulus deal in the next 48 hours or so." However, House Speaker Pelosi said that a stimulus deal might not come together in time to pass both chambers before the Nov 3 election. Also, Senate Majority Leader McConnell has warned the White Ho... Read more