5-Year T-Note Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.75%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.63%.
U.S. stock indexes on Friday settled moderately higher, with the S&P 500 posting a 4-week high, the Dow Jones Industrials posting a 5-week high, and the Nasdaq 100 posting a 2-1/2 week high. Strong Q3 corporate earnings results supported gains in stocks Friday along with optimism in the economic outlook after U.S. Sep retail sales unexpectedly rose. Also, airline, hotel, and cruise line stocks moved higher after a White House official said the U.S. will open its borders to vaccinated foreign travelers starting November 8.
Friday’s U.S. economic data was mixed for stocks. On the bullish side, U.S. Sep retail sales unexpectedly rose +0.7% m/m, stronger than expectations of -0.2% m/m. Also, Sep retail sales ex-autos rose +0.8% m/m, stronger than expectations of +0.5... Read more