Stock futures drop as investors await the October retail sales

Stock futures drop as investors await the October retail sales

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, November 15, 2022.

Brendan McDiarmid | Reuters

Stock futures fell overnight as investors weighed in on a softer-than-expected inflation report and looked ahead to retail sales data due on Wednesday.

And futures contracts linked to the Dow Jones Industrial Average fell 60 points, or about 0.2%. S&P 500 and Nasdaq 100 futures fell 0.2% and 0.17%, respectively.

All of the major averages ended the regular trading session higher on Tuesday, with the S&P 500 closing up 0.87% and the Dow adding 56.22 points, or 0.17%. The Nasdaq jumped 1.45% and is the only major average on pace for a slight gain for the week. The producer price index, which measures wholesale prices, came in below expectations, easing some investor concerns about inflation.

Chinese technology stocks were among the top performers on Tuesday, with the KraneShares CSI China Internet ETF rising 9.56% for its best daily performance since March 16. Nine out of the 11 S&P 500 sectors rose, leading the rally with telecom services and information technology. Both healthcare and materials reported slight losses.

Stocks saw a strong rally in the wake of last week’s better-than-fright CPI report. Last week, the S&P 500 posted its best weekly extension since June and all major averages are on track to end the month with gains.

Some investors say a near-term downturn looms.

“In the short term, the market is too stretched and overdue to turn back and digest the recent rally,” said Adam Sarhan, CEO of 50Park Investments.

Retail sales due for release on Wednesday can Offers another look at consumer behavior amid inflation. Earnings season also continues with reports from Target, Cisco, and Nvidia.

Leave a Reply

Your email address will not be published. Required fields are marked *

redtubetamil pornude.mobi freeindianporn
horse sex clips wetwap.info bp
kannar booketube.mobi lunki
the boobay and tekla show tvteleserye.net a family affair august 3
indian fuc zambibo.mobi vasxxx
kannada fuck video porncorntube.net old movies telugu
blood sex movie momyporn.mobi keralasexygirls
arram full movie sfico.info beegcom
xxxxxxvibeo captaintube.info hot indian xvideos
the broken marriage vow may 6 2022 full episode superpinoy.net gmanetwork com maria clara at ibarra
vijayawada sex com dunato.mobi www.indian sex vedios.com
indian deshi sex indianhottube.com boor sexy
sister cleaire hentai-site.net dressblackheulee
نيك اغتصاب عنيف freearabianporn.com اجمل نيك فى الطيز
xhamster incest hotindianporn.mobi sivi tamil movie free download