Stock index futures fall in more than two weeks after the best day of the S & P 500

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The trader works on the New York Stock Exchange (NYSE) on August 19, 2021.

Andrew Kelly | Reuters

Stock futures fell slightly in early Thursday morning trading following a backlash on Wall Street as markets tried to avoid the seasonally weak September.

The Dow Jones Industrial Average futures fell 29 points. S & P 500 futures and Nasdaq 100 futures traded in a slightly negative territory.

Modana Approximately 0.7% increase in subsequent extended transactions The company has released more data on groundbreaking Covid cases This supports the promotion of widespread use of vaccine booster shots.

The S & P 500 rose 0.9% on Wednesday, the largest daily rise since August 27, while the energy sector rose 3.8%. The Dow Jones Industrial Average has risen by more than 200 points, and the high-tech Nasdaq Composite Index has risen 0.8%.

After the S & P 500 has risen for the seventh straight month, rising nearly 20% this year to break the record, many on Wall Street expect trading to be active and returns to decline for the rest of the year. doing. History is also not market-friendly, as September usually tends to be a negative month for stocks. According to CFRA data, the S & P 500 has fallen 0.56% on average monthly since 1945.

Mark Hackett, Head of Investment Research across the country, said:

So far this month, the Dow of 30 shares has fallen 1.6%, while the S & P 500 has fallen 0.9%, making good progress towards the worst monthly performance since January. The Nasdaq fell 0.6% this month.

“The stressors facing the market haven’t changed significantly, including Delta variants, revenue headwinds from supply chain and labor issues, a shift from fiscal and financial tailwinds to headwinds, and concerns about bubbles around China. “.

Investors will monitor the latest unemployment claims data on Thursday. Economists surveyed by Dow Jones estimate that a total of 320,000 Americans applied for unemployment insurance during the week ending September 11. This is a slight increase from 310,000 last week.

Traders are also preparing for a potential surge in volatility on Friday.So-called Quadruple witch Stock index futures and options are set to expire on the same day, so they occur on weekends.

Stock index futures fall in more than two weeks after the best day of the S & P 500

Source link Stock index futures fall in more than two weeks after the best day of the S & P 500

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