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Equity futures are flat as the S & P 500 remains close to record

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.

Both the S & P 500 and the Dow Jones Industrial Average closed on Tuesday near the Flatline. Extensive equity benchmarks are now just 0.3% below the record high of 4,238.04, which reached May 7.

“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 and day traders moved to Clover Health. Clover Health recovered 96% in a single session in an explosive trading volume. Among Reddit traders. Wendy’s, another popular name in the market, rose 25% on Tuesday.

Still, many on Wall Street believe that this episode should remain a handful of names. GameStop’s enthusiastic trading in January 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, April’s job openings reached a record high, with 9.3 million jobs online during the economic recovery.

Equity futures are flat as the S & P 500 remains close to record

Source link Equity futures are flat as the S & P 500 remains close to record

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