Ultra T-Bond Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday fell -0.03%, the Dow Jones Industrials Index ($DOWI) (DIA) rose +0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) fell -0.70%.
Stocks on Friday settled mixed in the holiday-shortened session, with the Dow Jones Industrials posting a 7-month high. M&A activity supported stocks Friday after Coupa Software rallied more than +6% when Bloomberg reported that Vista Equity Partners is exploring an acquisition of the company. Also, managed healthcare stocks rose Friday as defensive stocks saw some support.
Global stock markets Friday saw support from new Chinese stimulus measures after the People’s Bank of China reduced the reserve requirement ratio for most banks by -25 bp to 11.00% from 11.25%, effective Dec 5.
Technology stocks were weaker Friday and pressured the overall market. Apple closed down nearly -2% after Chinese authorities locked down the city of Zhengzhou, home to Apple's largest iPhone... Read more