Skip to main content

S+P 500 futures holding slight gains this morning

As mentioned earlier this morning, the US stock markets will not be open later today due to the Martin Luther King Day holiday. The broader US market set a positive close on Friday. The S+P 500 reached a high at 6.014.96. However, it was unable to post a daily and weekly close above 6k. The index ended the week, 59.32 points higher, at 5,996.66. So, the index will not reopen later today, but earlier this morning the index was pricing an opening for tomorrow close to 6,010. The US Q4, 2024 earnings season gets further underway this week and that could be interesting. The prospect of more earnings beats, after what we saw from the US banking sector last week is live. The Trump effect is probably priced in right now, but we shall have to see what immediate executive orders he might deliver this week. There will be much more to add on this in the days ahead and whether a path to fresh records above 6,099.97 is clear
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!