Traders work on the New York Stock Exchange trading floor.
New York Stock Exchange
Stock index futures were little changed Monday morning as traders began a holiday-shortened week.
Futures linked to the Dow Jones Index The Jones Industrial Average is hovering below the flat line. S&P 500 Index Futures fell 0.06%, while Nasdaq 100 Futures Add 0.04%.
last week, Dow Chemical It fell 57 points on Friday, while Standard & Poor’s Down slightly by 0.04% Nasdaq Index It rose 0.12% for the fifth consecutive trading day, setting a record closing price. Major stock indexes were mixed this week, with the blue-chip Dow Jones falling for its third week in four years and the S&P and Nasdaq notching gains for their seventh week in the past eight, buoyed by recent gains in technology stocks.
Investors will question whether the rally can be sustained as cracks appear in the market outlook in the coming week.
“There are really two themes … that investors are trying to get involved in this year,” NB Private’s Shannon Sacccocia said Friday on CNBC’s “Closing Bell.” “One is the secular artificial intelligence theme and the other is manufacturing. , reshoring and, frankly, the idea of continued strong economic growth.”
“We’re seeing some softness in the economic data and maybe you take a breath or a sigh and maybe… the economy is re-accelerating more slowly from a manufacturing and industrial perspective than what we’ve seen from an artificial intelligence perspective,” she said.
This week will be a holiday-shortened one, with markets closed on Wednesday for the Juneteenth holiday.
Investors are eyeing May retail sales data due out on Tuesday, as well as home sales and housing starts data later this week. Lennar, Kroger, Darden Restaurant and CarMax will report quarterly earnings.
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