U.S. Stock Futures Hover After Fresh Wall Street Records

Wall Street Journal2021-12-30

U.S. stock futures held steady as investors awaited data that will give an indication of whether the recent uptick in Covid-19 infections is hurting the labor market.Futures for the S&P 500 were flat ...

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丰人
2021-12-31
丰人
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Ong2021
2021-12-30
Ong2021
[Smile]
kevinlaisq
2021-12-30
kevinlaisq
Pls like
Tiramisu2020
2021-12-30
Tiramisu2020
Cool
Ninjek
2021-12-30
Ninjek
💯💯💯
- Ninjek:
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- 42a4eeda:
  !
Joshberry
2021-12-30
Joshberry
Pls like

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Contracts for the tech-focused Nasdaq-100 edged up 0.1% and futures for the Dow Jones Industrial Average were flat.Stocks typically rise during the last five trading days of the year and the first two trading days of the new year—a phenomenon known as the “Santa Claus rally.” Since 1950, the S&P 500 has ended higher about 77% of the time during the period, according to Dow Jones Market Data, with an average gain of 1.3%.Despite Covid-19 cases hitting a record in the U.S., some investors expect that high vaccination rates and signs of milder symptoms caused by the Omicron variant mean the economy will avoid a repeat of the disruption seen at the start of the pandemic. Many decision makers are more focused on hospitalizations than cases and are seeking to avoid stricter measures.Lower-than-average trading volumes, with many investors off for the holiday season, could cause choppy trading or outsize moves in markets.“On the equity side, we’re grinding higher,” said Des Lawrence, a senior investment strategist at State Street Global Advisors. “It looks like markets are a little bit more stable but liquidity is very thin at the moment, volumes are really light.”In premarket trading, shares ofBiogenfell almost 5% after Samsung Biologicscalled a media report that it was about to buy the company “not true.” U.S.-listed shares of Didi Globalfell more than 5% premarket after the ride-hailing firm said its third-quarter revenue dropped.Investors are awaiting data on U.S. jobless claims, which have remained near decade lows in recent weeks. 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