S&P 500 Index Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.46%, the Dow Jones Industrials Index ($DOWI) is down -0.93%, and the Nasdaq 100 Index ($IUXX) is down -0.18%.
U.S stock indexes this morning are moderately lower, with the Dow Jones Industrials falling to a 3-week low. A -1.8% slump in crude prices today is dragging energy stocks lower. Also, a -4% plunge in silver prices and a -2.8% slump in gold prices to an 8-1/4 month low today is undercutting mining stocks and commodity producers. Losses in stocks are limited on today's mostly better-than-expected U.S.economic data.
Weakness in bank stocks is dragging the Dow Jones Industrials Index down to a 3-week low today. JPMorgan Chase and Goldman Sachs are both down more than 2%. Also, a 4% drop in Salesforce.com today is undercutting the Dow Jones Industrials after Piper Sandler cut the price target on the stock to $240 from $242 and said fiscal 2022 will b a "year of digestion" with little or no improvemen... Read more