Stock Futures Fall After S P 500 S Best Week Since June

Source: NYSE Stock futures fell in overnight trading on Sunday after the S&P 500 posted its biggest weekly gain in nearly five months on easing inflation data. Dow Jones Industrial Average futures fell 100 points. S&P 500 futures fell 0.4% and Nasdaq 100 futures traded 0.6% lower. The S&P 500 rallied 5.9% last week for its best week since June. Investors cheered a lighter-than-expected inflation reading, betting the Federal Reserve will soon slow its aggressive tightening campaign. “There has been a remarkable shift in the market, with investors increasingly risk-averse across all asset classes,” said Mark Hackett, Nationwide’s head of investment research. “Technical indicators have improved dramatically, with investor sentiment, momentum, scope and risk factors showing marked improvement.” The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow rose 4.2%. The Cboe volatility index, known as the Wall Street fear index, or VIX, fell 1 point to 22.5, its lowest level since August. The VIX, which tracks the S&P 500’s 30-day implied volatility, traded above the 30-point mark for most of October. Investors digested news on the political front over the weekend. Democrats will retain control of the Senate in the 2022 midterm elections, NBC News predicted. The party will have at least 50 seats after Sens. Mark Kelly of Arizona and Catherine Cortez Masto of Nevada fended off challenges. Meanwhile, the third-quarter earnings season is set to continue, with a heavy focus on retail. Tyson Foods will report results on Monday before the bell. Major retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are all scheduled to release numbers this week.

title: “Stock Futures Fall After S P 500 S Best Week Since June " ShowToc: true date: “2022-11-30” author: “Terry Hayes”

Source: NYSE Stock futures fell in overnight trading on Sunday after the S&P 500 posted its biggest weekly gain in nearly five months on easing inflation data. Dow Jones Industrial Average futures fell 100 points. S&P 500 futures fell 0.4% and Nasdaq 100 futures traded 0.6% lower. The S&P 500 rallied 5.9% last week for its best week since June. Investors cheered a lighter-than-expected inflation reading, betting the Federal Reserve will soon slow its aggressive tightening campaign. “There has been a remarkable shift in the market, with investors increasingly risk-averse across all asset classes,” said Mark Hackett, Nationwide’s head of investment research. “Technical indicators have improved dramatically, with investor sentiment, momentum, scope and risk factors showing marked improvement.” The tech-heavy Nasdaq Composite gained 8.1% last week for its best week since March, while the blue-chip Dow rose 4.2%. The Cboe volatility index, known as the Wall Street fear index, or VIX, fell 1 point to 22.5, its lowest level since August. The VIX, which tracks the S&P 500’s 30-day implied volatility, traded above the 30-point mark for most of October. Investors digested news on the political front over the weekend. Democrats will retain control of the Senate in the 2022 midterm elections, NBC News predicted. The party will have at least 50 seats after Sens. Mark Kelly of Arizona and Catherine Cortez Masto of Nevada fended off challenges. Meanwhile, the third-quarter earnings season is set to continue, with a heavy focus on retail. Tyson Foods will report results on Monday before the bell. Major retailers Walmart, Home Depot, Target, Lowe’s, Macy’s and Kohl’s are all scheduled to release numbers this week.