How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 76 points, or 0.22%, to 34585, the S&P 500 SPX increased 17 points, or 0.39%, to 4523, and the Nasdaq Composite COMP gained 131 points, or 0.93%, to 14245.How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 76 points, or 0.22%, to 34585, the S&P 500 SPX increased 17 points, or 0.39%, to 4523, and the Nasdaq Composite COMP gained 131 points, or 0.93%, to 14245.
On Tuesday there is a distinct financials flavor, with the likes of Bank of America BAC , Morgan Stanley MS , BNY Mellon BK , Interactive Brokers IBKR and Charles Schwab SCHW , presenting their numbers. Lockheed Martin LMT is somewhat of an industrial outlier. Sentiment has been underpinned by a pull back in implied borrowing costs — the 10-year Treasury yield is 3.77%, down from more than 4% a week or so ago — on hopes cooling inflation means the Federal Reserve can be less aggressive in raising interest rates.“With speculators and hedge funds still short, the street constantly benchmarks every tidbit of information, looking for that pin that could pop the S&P 500 bubble.
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