Nasdaq 100 E-Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.95%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.00%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.99%.
U.S stock indexes on Wednesday closed moderately higher. An easing of the debt risks from China Evergrande Group helped push stocks higher Wednesday after the company said an interest payment on its bonds due Thursday was resolved. Stocks maintained the bulk of their gains Wednesday afternoon on signs that the Fed will gradually taper stimulus.
Wednesday’s U.S. economic data was neutral for stocks. U.S. Aug existing home sales fell -2.0% to 5.88 million, slighter weaker than expectations of a decline to 5.89 million.
The Fed in its post-FOMC statement said that "the economy and employment have continued to strengthen" and that moderation in its pace of bond-buying "may soon be warranted." The Fed's dot-plot forecast was revised higher as the fed funds... Read more