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.
At this point, it looks like the US indices are all trying to build enough pressure to break to the upside. However, as we see a lot of potential headwinds from tariffs, and are working through earnings calls, things get choppy.
To get the latest market news, check out finance.yahoo.com US stocks moved higher on Thursday after President Donald Trump said he plans to introduce reciprocal tariffs but delayed their implementation, while investors digested another report that suggested inflation is once again heating up. The Dow Jones Industrial Average (^DJI) added more than 0.7%, or over 350 points, while the S&P 500 (^GSPC) put on over 1% and closed at 6,115.06, just shy of its record close of 6,118.71.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 100 points on Thursday.
The US indices that I follow are all showing the same pattern – that we have nowhere to be at the moment, but the upside still looks like the right side of the trade.