Market Snapshot: U.S. stock futures show caution as latest bounce stalls

by | Jan 23, 2023 | Stock Market

U.S. stock futures hovered around the flatline Monday as traders struggled to extend the latest rally.How are stock-index futures trading
S&P 500 futures
dipped 4 points, or 0.1%, to 3985

Dow Jones Industrial Average futures
rose 4 points, or less than 0.1%, to 33478

Nasdaq 100 futures
eased 13 points, or 0.1%, to 11664

On Friday, the Dow Jones Industrial Average
rose 331 points, or 1%, to 33375, the S&P 500
increased 74 points, or 1.89%, to 3973, and the Nasdaq Composite
gained 288 points, or 2.66%, to 11140.

What’s driving markets Wall Street was in line to start Monday little changed as another rally ran out of steam. “Markets finished the week strongly, with the beaten down Nasdaq continuing to show signs of new year promise. After a [bad] 2022 in which the rising interest rate environment sucked much of the life from growth stocks, there has been some bargain hunting from investors who wonder whether there has been an overshoot of depressed valuations,” said Richard Hunter, head of markets at Interactive Investor. The stock market’s recent vacillations reflect how traders daily shift the emphasis they afford the market’s current main drivers; fears of …

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