Market Snapshot: U.S. stock futures rise amid cautious trading as Thanksgiving looms

by | Nov 22, 2022 | Stock Market

U.S. stock futures inch higher as traders seek fresh range-breaking catalyst.How are stock-index futures trading
S&P 500 futures
rose 10 points, or 0.2%, to 3968

Dow Jones Industrial Average futures
added 77 points, or 0.2%, to 33812

Nasdaq 100 futures
climbed 28 points, or 0.2%, to 11616

On Monday, the Dow Jones Industrial Average
fell 45 points, or 0.13%, to 33700, the S&P 500
declined 15 points, or 0.39%, to 3950, and the Nasdaq Composite
dropped 122 points, or 1.09%, to 11025. The S&P 500 is up 10.4% from its 2022 closing low hit on Oct. 12, but remains down 17.1% for the year to date.

What’s driving markets Stock futures were a touch firmer but traders seemed reluctant to place bold bets as they weighed concerns about fresh COVID-19 restrictions in China and the prospects for tighter Federal Reserve policy. Adding to the caution was a holiday-shortened week for Wall Street, where volumes traditionally tend to thin notably in the run up to Thanksgiving on Thursday and Black Friday. “The irony is that the China reopening story has been a big positive driver of China-related risk and overall markets over the last c …

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