U.S. stock futures dipped Tuesday as investors returned from the long weekend and eyed further corporate earnings updates.
How are stock index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 113 points, or 0.33%, to 34303, the S&P 500 SPX increased 16 points, or 0.4%, to 3999, and the Nasdaq Composite COMP gained 78 points, or 0.71%, to 11079. Markets were shut on Monday to commemorate the Martin Luther King Jr. holiday.How are stock index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 113 points, or 0.33%, to 34303, the S&P 500 SPX increased 16 points, or 0.
The S&P 500 rose 4.2% in the first two weeks of 2023, with trader sentiment underpinned by hopes that easing inflation will reduce the need for the Federal Reserve to increase borrowing costs by much more. “The third week of the year following -10% years, however, is when things get more difficult. The average week 3 following -10% years is -0.63%, and when the first two weeks are positive like they are now, the average week 3 return is -1.03% and down 7 of 10 times,” Krinsky wrote in a note to clients.
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