5-Year T-Note Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) Thursday closed up +1.10%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.00%.
Stocks on Thursday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 6-week highs and the Dow Jones Industrials posting a 1-week high. A surge of more than 10% in Tesla led mega-cap technology stocks higher after it reported stronger-than-expected Q4 revenue. Stocks also had support after Thursday’s better-than-expected U.S. economic reports eased recession fears and suggested the economy still has a path to a soft landing.
Positive corporate news Thursday was supportive of stock indexes. Seagate Technology Holdings closed up more than +10% after reporting better-than-expected Q2 revenue. Also, Chevron climbed more than +4% after raising its dividend and announcing plans to buy back $75 billion of its shares. In addition, Salesforce rallied more t... Read more