Equity futures flat as investors cautious about September

Texas News Today

Stock futures were stable in Thursday night’s trade as investors remained cautious about September.

Dow futures fell 20 points. S&P 500 futures fell 0.08% and Nasdaq 100 futures fell 0.09%.

On Thursday, the Dow Jones Industrial Average fell 274 points to a low of 63 points. The S&P 500 fell 0.16%.

The Nasdaq Composite outperformed, gaining 0.13% as Netflix, Microsoft and Amazon all closed in the green.

The Census Bureau reported Thursday that August retail sales rose 0.7% from the Dow Jones’ estimated 0.8%. However, retail sales were down after an initial July estimate, which was revised up to a 0.5% month-on-month increase from 1.8%, was down.

According to another economic report, weekly unemployment claims rose to 332,000 for the week ended September 11, according to the labor ministry. The Dow Jones was estimated at 320,000.

“The weight of the delta version is widely believed to be slowing the economy,” said Jim Paulson, chief investment strategist at Loithold. Historical September unseasonal stock market and inflation concerns. Investors have been cautious lately as the market remains volatile. “As economic growth unexpectedly recovers, investors are wondering whether they are too cautious about continuing to bid under the entire stock market,” he said.

Stocks are rising for Friday, with a slight increase this week. The Dow is up 0.41% and the S&P 500 0.34% since Monday. The Nasdaq Composite rose 0.44% this week.

Meanwhile, the stock for that month is in the red. The Dow dropped 1.7% in September. The S&P 500 is down 1.1% this month, but is still only 1.6% below record highs. The Nasdaq fell 0.5% this month.

There is no history on the market side as September is generally a negative month for stocks. Friday begins a historically weak period for stocks, as September losses typically occur in the second half of the month.

Friday is a quadruple witch’s day, with stock index futures, stock index options, stock options and individual stock futures expiring in the last hour of stock market trading.


Please enter your comment!
Please enter your name here