Russell 2000 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed down -0.20%, the Dow Jones Industrials Index ($DOWI) closed down -0.29%, and the Nasdaq 100 Index ($IUXX) closed up +0.19%.
U.S. stock indexes on Thursday settled mixed. Better-than-expected U.S. labor market data, along with strength in technology stocks, was supportive of the overall market. However, gains were limited, and the S&P 500 and the Dow Jones Industrials turned lower, on the ongoing stalemate in stimulus negotiations.
Tesla rose more than +4% Thursday, adding to Wednesday's +13% surge to lead technology stocks higher after the company announced a 5-for-1 stock split Tuesday night. Apple rose +1.7% Thursday to a record high and help the Nasdaq 100 to close higher after Bloomberg reported that it plans to bundle its digital services at a lower monthly price.
Thursday's U.S. weekly jobless claims data was supportive of stocks. Weekly initial unemployment claims fell -228,000 to a 4-3/4 month low of 963,000, s... Read more