During the trading session on Friday, we have seen a bit of negativity enter the US indices, but we are still in very bullish market.
Celsius Holdings jumps 31% on earnings beat, UnitedHealth dives 8%. Economic data may set the tone for S&P 500—bullish signs or more downside ahead?
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Thursday.
Stocks fell on Thursday, but losses were pared after an early sell-off. The major averages remained in negative territory, though they recovered from their session lows.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 1% on Thursday.
The US indices continue to see a lot of buying pressure over the longer term, but “never short a quiet market” is a phrase that comes to mind.
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.
To get the latest market news check out finance.yahoo.com US future markets slumped on open after the S&P 500 (^GSPC) reached a record high for the second day in a row, and investors received further signs the Federal Reserve is unlikely to cut rates soon. Futures attached to the S&P 500 (ES=F), Nasdaq (NQ=F), and Dow Jones (YM=F) drifted 0.1% down.
The major US indices that I follow here at FX Empire seem a bit quiet in the premarket hours, as we are looking at a potential breakout for a few of them.
Celebrity brands are making for bigger competition to their legacy counterparts, and online influencers are shortening trend cycles.
The US indices that I follow for FX Empire all look positive in general, and at this point in time, it looks like the markets are likely to continue the overall attitude of positivity.
The US indices would have been very thin in the futures markets overnight, as the US is celebrating President's Day, meaning that the actual cash markets will be closed.