U.S. stock indexes were poised for muted opening losses as investors awaited another batch of earnings reports and data on the labor market.
Futures for the S&P 500 slipped 0.3% Thursday, a day after the broad stocks gauge climbed for a sixth consecutive session and closed at its. Contracts for the Dow Jones Industrial Average—which also stands just shy of its mid-August record—ticked down 0.3%. Futures for the Nasdaq-100 also fell 0.3%, pointing to some pressure on technology stocks at the opening bell.
Stocks have risen in recent days, after solid earnings helping quell concerns that sent markets lower at the start of fall. Among those worries: A slowdown in China’s economy, supply-chain blockages that have hampered sectors such as manufacturing and inflation pressures that could prompt central banks to withdraw stimulus.
Of the 80 companies on the S&P 500 to have reported through Wednesday, 81% had topped analysts’ earnings forecasts, according to FactSet, better than three-quarters that did so each quarter in 2019. “We’ve gone through a period of hesitation that’s brought a bit of volatility but I think stocks will keep trending higher,” said Paul Jackson, head of asset allocation research at
They should of bought SafeMoon
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