Stock index futures were quiet Thursday night as Wall Street steadied following losses.
Futures and Dow Jones Industrial Average It rose slightly by 28 points, or less than 0.1%. S&P 500 Index Futures rose 0.1%, while Nasdaq 100 Futures Add 0.2%.
Futures moves after stocks rise Decline across the board during regular trading hours on Thursday. this Dow Chemical It fell more than 500 points, ending a six-day winning streak. this S&P 500 Index and Nasdaq Index fell 0.78% and 0.70% respectively.
Despite Thursday’s sell-off, market rotation appears to be a theme this week. As of Friday, the S&P 500 and Nasdaq were down 1.26% and 2.87%, respectively. On the other hand, the Dow Jones rose 1.66%, with small-cap gains Russell 2000 up 2.33%.
The disparity is encouraging to some Wall Street professionals who worry the market rally has become too reliant on a handful of big tech stocks.
“The market is very healthy internally,” said Julian Emanuel, strategist at Evercore ISI.Ending bell: overtime.“
“If you look at the last few months, we’ve actually been straight up until the last three to four days. For us, we haven’t been bothered by this pullback,” he added.
On Friday, investors will get the latest information on the health of consumers and the financial sector, as well as some important earnings reports. American Express, Travelers, Comerica and Fifth Third are expected to report results before the market opens.
Investors will also be keeping a close eye on the political space, with Donald Trump ramping up his campaign as the Republican National Convention draws to a close and President Joe Biden enters the race. under pressure Fellow Democrats dropped out of the race.
