S&P 500 E-Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -1.10%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.89%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.34%.
U.S. stock indexes on Thursday gave up an early rally as they sold off through the afternoon and into the close and finished moderately lower. The S&P 500 dropped to a 3-month low, the Dow Jones Industrials fell to a 1-month low, and the Nasdaq 100 slumped to a 3-1/4 month low. A rout in technology stocks led the overall market lower Thursday.
Thursday morning, stocks initially moved higher after a decline in T-note yields gave technology stocks a temporary boost. Also, stronger-than-expected quarterly earnings results from Alcoa, Signet, and Travelers bolstered optimism about Q4 corporate earnings and was an early positive factor for equities.
Thursday’s U.S. economic data was mixed for stocks. On the negative side, weekly initial unemployment... Read more