Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.77%, the Dow Jones Industrials Index ($DOWI) closed up +0.89%, and the Nasdaq 100 Index ($IUXX) closed up +0.63%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500 and Dow Jones Industrials at new record highs and the Nasdaq 100 at a 7-week high. Stocks rallied Friday on economic optimism despite inflation concerns and higher T-note yields. Comments from Fed Vice Chair Clarida on Friday reassured markets that Fed policy would remain supportive.
Strength in healthcare stocks on Friday helped push the S&P 500 to a new record high on speculation the Biden administration will extend the public health emergency through 2021. Cigna (CI) and UnitedHealth Group (UNH) closed up more than +3% on Friday. A +3% gain in Honeywell International (HON) on Friday helped the Dow Jones industrials climb to a new all-time high after Deutsche Bank late Thursday raised its recommendation on Honeywell to Buy... Read more