Nasdaq 100 E-Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) Monday closed down -0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.13%.
Stocks on Monday posted modest losses. The broader market was under pressure Monday on concern that economic weakness in China will weigh on global economic prospects after China’s industrial profits rose at the slowest pace in three months in October. However, Monday’s weaker-than-expected U.S. economic news knocked T-note yields lower and limited losses in the stock market.
On the positive side for stocks, Shopify closed up more than +5% after it said merchants set a Black Friday record with a combined $4.1 billion in sales. Also, Crown Castle Inc. closed up more than +3% after activist investor Elliot Investment Management, which has acquired a more than $2 billion stake in the company, said it plans to push for changes in the company that will help boost i... Read more