Traders work on the floor of the New York Stock Exchange.
New York Stock Exchange
Stock futures were flat on Tuesday night trading after Wall Street appeared to have fallen near record levels.
Dow Jones Industrial Average futures have changed little. S & P 500 futures and Nasdaq 100 futures also performed well.
“US equities have been largely in range since mid-April and are unlikely to pick up anytime soon,” Oanda’s senior market analyst Edward Moya said in a report. “Investors want to know how pricing pressure will rise and how much the stock market will fall after the Fed’s tapering tanttanttant defeat begins.”
The May Consumer Price Index will be released on Thursday. According to Dow Jones, economists expect CPI to rise 4.7% year-on-year. The consumer price index rose 4.2% annually in April, the highest rate since 2008.
Meanwhile, meme stock enthusiasts continued to escalate on Tuesday, with day traders Clover health, A 96% increase in a single session, as trading volumes exploded. Wendy’sAnother name popular among Reddit traders rose 25% on Tuesday.
Still, many on Wall Street believe that this episode should be contained in a handful of names. Game stop January trading frenzy that affected the broader stock market.
“Given the low risk of widespread infection, the impact of recent short squeeze is
Manish Deshpande, Global Head of Equity Derivatives Strategy at Barclays, said in a memo:
On the data side, job listings for April Soared to a new record9.3 million jobs are online during the economic recovery.
Equity futures are largely unchanged because the S & P 500 is bound close to the record.
Source link Equity futures are largely unchanged because the S & P 500 is bound close to the record.