Skip to main content

US stocks holding their powder ahead of Trump 2.0?-check out the Nasdaq 100 futures

Yesterday all the major US stock markets set lower closes. The worst performer was the Nasdaq 100, which seemed to rather consolidate the CPI induced gains seen the day before. The Nasdaq 100 closed 0.69% lower. That compared to a 0.21% loss on the S+P 500 and just 0.16% for the Dow Jones. The Nasdaq 100 handed back 146 points, when closing at 21,091. The noted high of the session was set right on the opening, at 21,330 and the low was set at 21,087. So, as you can see, the Nasdaq ended the session pretty much on its lows of the day. The futures have seemingly gotten a slight boost today from the Chinese data, but in real terms not by that much. So, today is the final live trading session before we get Trump 2.0 next week. Of course so much of the expectation for the new presidency might be priced in by now and there is the prospect of more profit-taking ahead of the weekend later today. The US earnings and data release calendar is very light today and that is also something to note later on. The Nasdaq 100 is currently priced to reopen around 21,140
 

Ready to Get Started?

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