U.S. stock futures paused Friday after the best day for equities this month.
What’s happening On Thursday, the Dow Jones Industrial Average DJIA rose 332 points, or 0.96%, to 34907, the S&P 500 SPX increased 38 points, or 0.84%, to 4505, and the Nasdaq Composite COMP gained 112 points, or 0.81%, to 13926.What’s driving markets Thursday’s gains had a few drivers. For one, ARM Holdings ARM, +24.69% had a successful debut, with stock of the U.K. microchip designer surging 25%.
Investors also took a dovish interpretation to the European Central Bank’s quarter-poinit rate hike, as the ECB suggested its rate-hike campaign could be at the end. U.S. retail sales data, though it exceeded estimates, showed spending at the pump crowding out sales elsewhere. China joined in with a quarter-point reserve requirement ratio reduction.
Friday will see investors react to news the United Auto Workers began a strike, picking one plant each at the Big Three of Ford F, -0.16%, General Motors GM, and Stellantis STLA, -0.58%. There’s also the possibility of volatility from the expiration of $3.4 trillion in stock options. According to data from Nomura, 10 of the past 11 expiration days in September saw the S&P 500 finish lower.
The economics calendar includes the Empire State manufacturing index, industrial production as well as the preliminary release of the University of Michigan’s consumer sentiment index.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks are trapped in a trading range. Something's got to give.The week after the third Friday of September is historically negative for the S&P 500.
Read more »
Chart of the Day: S&P 500 in a Battle With Key ResistanceStocks Analysis by Blake Morrow covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Blake Morrow 's latest article on Investing.com
Read more »
History Shows Betting on Overhyped Trends Isn't Always the Best StrategyMarket Overview Analysis by Investing.com (Calogero Selvaggio) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
Read more »
Today’s ‘Connections’ Answers And Hints For Friday, September 15Looking for some help with today's Connections groups? Some clues and the answers are right here.
Read more »
Today’s ‘Quordle’ Answers And Hints For Friday, September 15Looking for some help with today's Quordle words? Some clues and the answers are right here.
Read more »
Today’s Wordle #818 Hints, Clues And Answer For Friday, September 15thHow to solve today's Wordle. Hints, clues and the daily Wordle answer. Also, play competitive Wordle and learn more about each day's word.
Read more »