Nasdaq 100 E-Mini Futures Market News and Commentary
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The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.73%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.50%.
Stock indexes Wednesday closed moderately lower, with the S&P 500 falling to a 1-1/2 week low and the Dow Jones Industrials dropping to a 1-3/4 month low. Stocks remain under pressure as talks to lift the U.S. debt ceiling are at an impasse. Negotiations between President Biden’s team and representatives of House Speaker McCarthy showed little progress Wednesday.
U.S. stocks were also weighed down by negative carryover from a slide in the Euro Stoxx 50 to a 1-3/4 month low on inflation concerns after UK Apr consumer prices rose more than expected.
Fed Governor Waller said he "does not support stopping rate hikes unless we get clear evidence that inflation is moving down towards our 2% objective." However, he added that "the choice to hike or skip at... Read more