Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Stock futures rise as market enters holiday-shortened week

by
November 22, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

SpaceX president defends Elon Musk over sex misconduct claims: ‘I believe the allegations to be false’

Snap tanks more than 25% after CEO says company will miss sales, earnings estimates and slow hiring

A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021.

Michael Nagle | Bloomberg | Getty Images

Stock futures rose in early morning trading on Monday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street.

Futures on the Dow Jones Industrial Average gained 118 points. S&P 500 futures and Nasdaq 100 futures also both traded in positive territory.

U.S. markets will be closed Thursday on Thanksgiving Day. The stock market closes early at 1 p.m. ET on Friday.

Stocks have a track record of posting gains in Thanksgiving week, which will potentially set the stage for a year-end Santa rally.

Since 1950, the last five trading days of November have been traditionally positive, according to Sam Stovall, chief investment strategist at CFRA. Meanwhile, there’s a two-thirds likelihood the market is up on the day before Thanksgiving Day and a 57% chance the day after the holiday, the strategist said.

One big market-moving event this week will be President Joe Biden’s nomination for the next Federal Reserve chief.

Biden is expected to announce his pick in the coming days, with current chairman Jerome Powell and Governor Lael Brainard considered the most likely candidates. Many expect a more dovish central bank if Brainard prevails, meaning it would take longer to tighten policies including raising interest rates.

“I do think in the shortened week, that is probably going to be the biggest driver of market action,” said Jeff Schulze, ClearBridge Investments investment strategist. “If Brainard is nominated as Fed chair, it wouldn’t be a surprise to me to see some near-term volatility. Usually, the market tests a Fed chair.”

The S&P 500 came off a winning week, up 0.3%, on the back of a slew of stellar earnings reports from big retailers and strong U.S. retail data. The tech-heavy Nasdaq Composite jumped 1.2% last week. The blue-chip Dow fell 1.3% during the period, however.

Month to date, the S&P 500 is up 2%, on track to post its second positive month in a row. The equity benchmark has gained more than 25% in 2021.

–CNBC’s Patti Domm contributed reporting.

ShareTweetPin

Related Posts

SpaceX president defends Elon Musk over sex misconduct claims: ‘I believe the allegations to be false’

by
May 23, 2022
0

SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA's Kennedy Space Center...

Snap tanks more than 25% after CEO says company will miss sales, earnings estimates and slow hiring

by
May 23, 2022
0

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on...

S&P 500 rises more than 1%, Dow adds 600 points as stocks try to recover from sharp sell-off

by
May 23, 2022
0

Stocks bounced on Monday as investors snapped up beaten-down stocks like banks after eight straight losing weeks for the Dow...

Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says

by
May 23, 2022
0

Bank of America's account holders saw strong growth in their balances during Covid and have yet to spend down their...

CDC officials sound alarm for gay and bisexual men as monkeypox spreads in community

by
May 23, 2022
0

A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with...

Next Post

El Salvador plans to create a 'Bitcoin City' and raise $1 billion via a 'Bitcoin Bond'

Avalanche Crypto Tops Shiba Inu Value After Deloitte Deal

Leave a Reply Cancel reply

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

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com