Silver Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) today is up +0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.50%.
U.S. stock index futures this morning recovered from early losses and are moderately higher, with the S&P 500 and Nasdaq 100 posting 6-week highs and the Dow Jones Industrials posting a 1-1/2 week high. Stocks found support today after U.S. economic reports that showed an easing of price pressures and inflation expectations, which bolsters the case for the Fed to slow its pace of interest rate hikes. The Dec PCE core deflator posted its smallest annual increase in 14 months, and the University of Michigan U.S. Jan 1-year inflation expectations fell to a 1-3/4 year low.
Positive corporate news today is also supportive of stock indexes. American Express jumped more than +9% after forecasting stronger-than-expected 2023 EPS. Also, L3 Harris Technologies climbed more than +7% after... Read more