S&P 500 Index Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.19%, the Dow Jones Industrials Index ($DOWI) is up +0.17%, and the Nasdaq 100 Index ($IUXX) is up +0.58%.
U.S stock indexes this morning are modestly higher as the S&P 500, Dow Jones Industrials, and Nasdaq 100 all posted new record highs. Stocks are higher on optimism that additional U.S. pandemic stimulus will revive economic growth and bolster corporate earnings. The overall market also found support on stronger-than-expected U.S. economic data along with a rally in technology stocks.
Positive S&P 500 quarterly earnings results are also supporting gains in equity prices. According to Bloomberg data, 91% of the S&P 500 companies that have announced Q4 earnings results thus far have beaten estimates, above the 76% that beat earnings estimates the same time last year.
Today's U.S. economic data was bullish for stocks. U.S. weekly initial unemployment claims fell -26,000 to 900,000, showing a st... Read more