Russell 2000 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed +0.17%, the Dow Jones Industrials Index ($DOWI) closed +0.04%, and the Nasdaq 100 Index ($IUXX) closed +0.27%.
U.S. stock indexes on Friday closed slightly higher, with the S&P 500 consolidating below Thursday’s record high and the Nasdaq 100 edging to a new 1-1/2 month high. Stocks continued to see support from generally low T-note yields and optimism that the Fed does not plan to tighten monetary policy soon.
Friday's strong U.S. consumer sentiment report was a supportive factor for the stock market. The preliminary-June University of Michigan U.S. consumer sentiment index rose by +3.5 points to 86.4, which was stronger than expectations for a +1.3 point increase to 84.2.
The stock market is also watching the infrastructure negotiations in Washington on hopes for another big dose of fiscal stimulus. Senator Romney said Thursday that the bipartisan group of ten Senators reached an agreement on an infrastructure proposal... Read more