The day after the S&P 500 and Nasdaq’s record close, US stock futures were lower.
The major futures indexes imply a drop of 0.6% when the opening bell rings.
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Asian stock markets fell back on Friday due to the renewed outbreak of coronavirus infections in China and an increase in cases in Southeast Asia.
Tokyo’s Nikkei 225 Index fell 0.4%, Hong Kong’s Hang Seng Index fell 1
In Europe, London’s FTSE Index fell 0.4%, Germany’s DAX fell 0.5%, and France’s CAC fell 0.6%.
The largest number in the US that traders will focus on will be existing home sales in December. The National Association of Realtors is expected to say that sales of previously owned homes have fallen by 2% from the 6.69 million in November, and a seasonally adjusted annual growth rate of 6.55 million.
The housing market is shrinking, homeowners keep their accommodation
The first week of the earnings season ends on Friday morning, and the three financial reports are as follows: Ally Financial, Regions Financial and Huntington Bancshares.
Other reported companies will be energy equipment and services giant Schlumberger and Kansas City Southern Railway.
|Me: DJI||Dow Jones Average||31,176.01||-12.37||-0.04%|
|SP500||S&P 500||3853.07||+1.22||+ 0.03%|
|I: COMP||Nasdaq Composite Index||13530.914939||+73.67||+ 0.55%|
On Thursday, the S&P 500 index closed down less than 0.1% to 3,853.07, and the Dow Jones Industrial Average fell less than 0.1% to 31,176.01.
The Nasdaq Composite Index rose 0.6% to 13,530.91 points, after traders bid for Big Tech stocks including Apple, Amazon and Facebook. This greatly exceeds losses in energy, banks and other stocks.
With optimism about stocks, vaccines launched by pharmaceutical companies in the United States, Europe and China will restore the economy to normal.
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The inauguration of President Biden also encouraged the market. President Biden proposed a US$1.9 trillion economic assistance program, including a cash payment of US$1,400 for most Americans.
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In electronic trading on the New York Mercantile Exchange, the benchmark US crude oil fell 87 cents to $52.26 per barrel. The contract fell 11 cents on Thursday to $53.13. In London, the international oil price standard Brent crude fell 81 cents to 55.29 dollars per barrel. The previous trading day rose 2 cents to 56.10 US dollars per barrel.
The Associated Press contributed to this report.