Here’s a quick round-up of the movements in stock-index futures:
As of now, futures for the Dow Jones Industrial Average took a dip, falling by 138 points, or 0.3%, settling at 43,507. The S&P 500 futures weren’t far behind, dropping 24.75 points, or 0.4%, to a value of 6,073. Meanwhile, the futures for the Nasdaq 100 saw a decline of 107.25 points, or 0.5%, reaching 21,920.
Looking back at Tuesday, there was a bit of a rally. The Dow Jones Industrial Average jumped by 390.08 points, which is a 0.9% increase, closing at 43,297. Not to be outdone, the S&P 500 climbed 65.97 points, or 1.1%, to hit 6,040.04, and the Nasdaq Composite surged up 266 points, or 1.3%, wrapping the day at 20,031.
Turning the page to Thursday, the shine seemed to wear off a bit. Investors came back from their Christmas and Hanukkah celebrations only to find stock index futures slipping, with just a few trading sessions remaining for the year 2024.
That optimistic vibe we had on Tuesday, hinting at a potential Santa rally, appears to have waned. The bullish sentiment that buoyed markets earlier seems to be running out of steam.
Everyone’s on edge, waiting for the latest U.S. jobless claims data, expected to drop at 8:30 a.m. Eastern. While Europe is still enjoying the holiday break, Asian markets have shown some positive movement, with Japan’s Nikkei 225 index climbing 1.1%.
In bond markets, we’ve seen the yield on the 10-year Treasury note inch up 3 basis points, now at 4.610%.
