The three major US indices all look strong in the overnight futures market and CFD markets, despite the fact that the underlying indices are closed for Memorial Day. That being said, this only reaffirms the stability of these markets.
The Dow Jones and the S&P 500 indices dropped last week as concerns about the American economy rose following Moody's decision to downgrade US credit rating. They also dropped after the House passed the Big Beautiful Bill which will grow the deficit.
Some of the Dow Jones Industrial Average's year-to-date laggards are worth looking into for a shot at deeper value.
Apple shares led tech losses, falling 4%, while benchmark Treasury yields slipped as investors sought safer assets.
Wall Street stocks are set to extend losses on Wednesday as rising geopolitical tensions and worries about the US economy. Dow Jones futures were down 0.8%, and those for the S&P 500 and Nasdaq were both almost 0.6% lower.
The trend is your friend is a well-known Wall Street catchphrase that often has proven to be correct.
The premarket trading of the three major indices in America are showing signs of pulling back, and perhaps even some hesitation overall.
Boeing appears to be making a longer-term low. The company has been hounded by bad news, falling since 2019 and giving back 78.6% of its ten-year 2009-2019 bull market.
While DOW benefits from investment in high-return projects and cost actions, weak end-market demand and declining estimates cast a pall on its prospects.
While UnitedHealthcare fights another unforeseen headwind, NVIDIA helped the Nasdaq cruise higher.
US stocks are set to see some of their strong gains from the start of the week wiped out, as futures on Tuesday were pointing to a mixed start on Wall Street. Futures for the S&P 500 index were down 0.2%, while those for the tech-powered Nasdaq were less than 0.1% in the red.
Share prices for US equity real estate investment trusts lost ground alongside the broader market during the week ending May 9. The Dow Jones Equity All REIT closed the recent week down 0.61%, while the S&P 500 and Dow Jones Industrial Average logged declines of 0.47% and 0.16%, respectively. Among the Dow Jones US real estate property sector indexes, the apartment REIT index fell the furthest this past week, down 2.94%.