Dow Futures Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Thursday closed down -0.04%, the Dow Jones Industrials Index ($DOWI) closed down -0.62%, and the Nasdaq 100 Index ($IUXX) closed up +1.29%.
U.S. stock indexes on Thursday settled mixed, with the S&P 500 falling to a 2-week low, the Dow Jones Industrials dropping to a 4-week low, and the Nasdaq 100 climbing to a new all-time high. Stocks were under pressure Thursday on negative carry-over from Wednesday when the Fed brought forward its rate-hike forecast. That also prompted some rotation out of cyclical stocks and into technology stocks on Thursday by stock fund managers. Stock indexes also found support Thursday on reduced U.S. inflation expectations after the 10-year breakeven inflation rate fell to a 3-1/4 month low.
Advanced Micro Devices (AMD) closed up more than +5% Thursday, and Xilinx (XLNX) closed up more than +4% to lead the Nasdaq 100 up to a new record high after Dealreporter said the European Commission did not raise any conce... Read more