Futures on theDow Jones Industrial Average (DJIA)and broader U.S. stock market rose in after-hours trading Thursday, clawing back some of their brutal losses from the prior session.
As the outlook on the U.S. economy continues to deteriorate, Bloomberg provided asobering takeon the so-called Trump rally.
Dow Futures Rise; S&P 500, Nasdaq Follow
Futures for all three major US indexes rose during the Asian session, mirroring asimilar performancejust 24 hours ago. Futures on theDow Jones Industrial Averageclimbed 81 points, or 0.3%, to 26, 066. . The contract was up by as much as 103 points earlier.
Futures on the S&P 500 Index climbed 0.4% to 2, 890. 50. Nasdaq 100 mini contracts rose 0.4% to 7, 573. (*******************************************************.
US stocks plungedduring New York trading Wednesday after a mixed payrolls report from ADP raised concerns over the economy’s health. The payrolls report showed a net increase of just 135, 000 private-sector jobs last month.
US Stocks Have Barely Moved the Last Two Years: Bloomberg
Donald Trump’s presidency was met with euphoria on Wall Street, as investors rallied behind the prospect of fresh tax cuts, infrastructure spending and deregulation . But the picture has changed drastically in the last two years.
Despite returning to record highs recently, the U.S. stock market has barely moved from 21 months ago. As Bloombergreports, the S&P 500 Index has gone nowhere since the start of (***********************************.
Over that stretch, the S&P 500 has set 18 record highs, experienced a technical correction and posted two more declines of 6% this year.
That volatility has been reflected in the CBOE VIX, Wall Street’s preferred measure of investor anxiety. The volatility gaugesurged past 21 on Wednesday, where it traded just above the historic mean. A fear-index reading above 20 suggests rocky trading conditions are likely over the next month.
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