Equity futures flat as investors remain cautious about September

Stock futures were stable on Thursday night trading 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%.

ThursdayThe Dow Jones Industrial Average fell 63 points after falling 274 points at its lowest. S & P 500 fell 0.16%.

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

The Census Bureau reported Thursday: August retail sales This month it rose 0.7%, compared to an estimated 0.8% decline in the Dow Jones. However, the retail sales beat came after the initial estimate for July was revised down significantly from a 0.5% month-on-month increase to a 1.8% decrease.

According to another economic report, weekly unemployment claims for the week ending September 11 increased to 332,000, according to the Ministry of Labor. The Dow Jones estimate was 320,000.

“The weight of the Delta variant is widely believed to slow the economy,” said Jim Paulsen, chief investment strategist at Loithold. The historic September stock market’s unseasonableness and inflation concerns. Investors have been cautious lately due to the continuation of the market. ” group. “As economic growth recovers unexpectedly, investors are wondering if they are too cautious about continuing to bid under the entire stock market,” he said.

Stocks are heading for Friday, with a slight rise this week. Since Monday, the Dow has risen 0.41% and the S & P 500 has risen 0.34%. The Nasdaq Composite rose 0.44% this week.

Meanwhile, that month’s inventory is in the red. The Dow fell 1.7% in September. The S & P 500 is 1.1% off this month, but still only 1.6% off record highs. The Nasdaq fell 0.5% this month.

There is no history on the market side as September tends to be a negative month for stocks in general.Friday Start a historically weak period of stocks This is because these September losses usually 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.

Equity futures flat as investors remain cautious about September

Source link Equity futures flat as investors remain cautious about September

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