Thursday, January 20, 2022
More

    Latest Posts

    Stock Futures Muted After Christmas Holiday

    U.S. stock futures were muted, with little news driving markets after the Christmas holiday. 

    Futures for the S&P 500 were flat Monday. The index hit its 68th record close of 2021 Thursday. U.S. markets were closed Friday for the holiday. Contracts for the tech-focused Nasdaq-100 edged up less than 0.1% Monday, and futures for the Dow Jones Industrial Average ticked down 0.1%.

    Investors are braced for higher volatility over the holiday season. Concerns over the rapid spread of the Omicron variant of Covid-19 and the economic impact of measures countries may take to stem its spread have weighed on markets in recent weeks. Some investors expect that will be mitigated by vaccines and the rollout of booster shots in some nations. 

    A trader at the NYSE on the last day of trading before Christmas.



    Photo:

    ANDREW KELLY/REUTERS

    “Everything seems to be serious but manageable. Anything that changes that, this could probably make a big impact,” said

    Luca Paolini,

    chief strategist at Pictet Asset Management. 

    Market moves can be amplified during the holiday season due to a lack of liquidity, or how readily buyers and sellers can find each other. With many traders off, prices people are willing to buy and sell at may be higher or lower because there are fewer counterparties. 

    “We are in kind of this Christmas trading range, but low liquidity makes any potential shock bigger,” Mr. Paolini added. 

    In bond markets, the yield on the benchmark 10-year Treasury note ticked down to 1.481% from 1.492% Thursday. Yields and prices move inversely. 

    Overseas, the pan-continental Stoxx Europe 600 edged down 0.2%. Markets in the U.K. were closed. 

    In Asia, China’s Shanghai Composite closed almost 0.1% lower. South Korea’s Kospi and Japan’s Nikkei 225 each declined 0.4%. Markets in Hong Kong and Australia were closed. 

    Write to Caitlin Ostroff at caitlin.ostroff@wsj.com

    Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Stock Futures Muted After Christmas Holiday Source link Stock Futures Muted After Christmas Holiday

    The post Stock Futures Muted After Christmas Holiday appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.