The trader worked on the New York Stock Exchange on February 20, 2025.
Spencer Platt | Getty Images
U.S. stock futures were barely changing Thursday night after the main average glided after the lower earnings of retail giant Walmart.
Dow Jones Industrial Average Futures Trading near the plane line, S&P 500 Futures and Nasdaq 100 Futures.
During a regular meeting on Thursday, Dow Jones Save 450.94 points, or 1.01%. this S&P 500 Lossed 0.43%, retreating from the recent all-time high, while Nasdaq Composite Materials Less than 0.47%. Investors pointed out reason Except after the market sell-off Walmart6.5% decline, including lingering inflation problems and share declines Palantir.
But the market’s concerns last Thursday may have been a bit exaggerated, said Art Hogan, chief market strategist at B. Riley Wealth Management. He added that Friday’s economic data release, which includes the latest Purchasing Managers’ index readings and January’s existing home sales will point to the direction of the stock to end the week.
“It is possible that there is enough overall sales pressure to drive in some margin hunters on Friday and try to grab some of the losses we’re seeing today,” he told CNBC in an interview. “I certainly think if investors are in the short term I feel that today’s move is too high, especially if PMI is consistent with existing home sales, then you will understand something tomorrow.”
“I don’t think there will be a piece of economic data that will inevitably stir things up,” Hogan added.
Week to date, the S&P 500 index has a rate of less than 0.1%, while the NASDAQ composites has a growth rate of less than 0.1%. The Dow is the underperformer, tracking 0.8% of losses during this period.
