Dow Futures Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Friday closed up +0.34%, the Dow Jones Industrials Index ($DOWI) closed down -0.10%, and the Nasdaq 100 Index ($IUXX) closed up +0.25%.
U.S. stock indexes on Friday settled mixed. Stocks saw downward pressure Friday from the lack of progress in the pandemic stimulus talks and on rising global Covid infections. A -10% slump in Intel on Friday weighed on technology stocks, although the Nasdaq 100 recovered later in the day and posted modest gains. Stocks saw underlying support Friday from positive global manufacturing PMI reports.
A lack of progress in U.S. pandemic stimulus talks is bearish for stocks. White House economic advisor Kudlow said Friday that "the ball's not moving much right now" on talks for another round of pandemic stimulus as the main stumbling block for a deal continues to be funding for state and local governments.
The worsening global Covid pandemic is a bearish factor for stock prices. Italy on Friday reported a re... Read more