S&P 500 E-Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.09%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.14%.
Stocks on Wednesday relinquished early gains and settled mixed, with the Dow Jones Industrials posting a 3-3/4 month high. The broader market Wednesday gave up an early advance as a sell-off in managed healthcare companies weighed on the overall market. Stocks on Wednesday initially moved higher on economic optimism after U.S. Q3 GDP was revised higher and the Q3 core deflator was revised lower, reinforcing speculation the U.S. economy is continuing to grow at a moderate pace with easing price pressures that will allow the Fed to end its interest rate hiking campaign.
On the negative side for stocks, managed health care companies retreated, led by a -7% fall in Cigna Group after Dow Jones reported the company is in merger talks with Humana, which analysts said... Read more