S&P 500 futures dip as traders wary of rally exhaustion and Apple eyes 4-month low

by | Mar 5, 2024 | Stock Market

U.S. stock-index futures fell early Tuesday with Apple shares leading big tech lower after report of slowing China iPhone sales.How are stock-index futures trading
S&P 500 futures
ES00,
-0.30%
dipped 14 points, or 0.3%, to 5124

Dow Jones Industrial Average futures
YM00,
-0.13%
fell 62 points, or 0.2%, to 38960

Nasdaq 100 futures
NQ00,
-0.69%
eased 112 points, or 0.6%, to 18150

On Monday, the Dow Jones Industrial Average
DJIA
fell 98 points, or 0.25%, to 38990, the S&P 500
SPX
declined 6 points, or 0.12%, to 5131, and the Nasdaq Composite
COMP
dropped 67 points, or 0.41%, to 16208.

What’s driving markets A cautious mood has enveloped risk assets early Tuesday, with investors of a more technical bent wary of the previous session’s action, when the S&P 500 rose to a fresh high but then finished in the red at the close. “After posting 16 weekly gains out of 18 for the first time since 1971, yesterday saw the S&P 500 get the week off to a subdued start as we await several key events later this week, including appearances from Chair Powell [at Congress on Wednesday and Thursday], the U.S. jobs report [Friday], and the ECB decision [Thursday],” said Jim Reid, strategist at Deutsche Bank Index futures are also being pressured by indications Apple’s shares
AAPL,

Article Attribution | Read More at Article Source

[mwai_chat context=”Let’s have a discussion about this article:nnU.S. stock-index futures fell early Tuesday with Apple shares leading big tech lower after report of slowing China iPhone sales.How are stock-index futures trading
S&P 500 futures
ES00,
-0.30%
dipped 14 points, or 0.3%, to 5124

Dow Jones Industrial Average futures
YM00,
-0.13%
fell 62 points, or 0.2%, to 38960

Nasdaq 100 futures
NQ00,
-0.69%
eased 112 points, or 0.6%, to 18150

On Monday, the Dow Jones Industrial Average
DJIA
fell 98 points, or 0.25%, to 38990, the S&P 500
SPX
declined 6 points, or 0.12%, to 5131, and the Nasdaq Composite
COMP
dropped 67 points, or 0.41%, to 16208.

What’s driving markets A cautious mood has enveloped risk assets early Tuesday, with investors of a more technical bent wary of the previous session’s action, when the S&P 500 rose to a fresh high but then finished in the red at the close. “After posting 16 weekly gains out of 18 for the first time since 1971, yesterday saw the S&P 500 get the week off to a subdued start as we await several key events later this week, including appearances from Chair Powell [at Congress on Wednesday and Thursday], the U.S. jobs report [Friday], and the ECB decision [Thursday],” said Jim Reid, strategist at Deutsche Bank Index futures are also being pressured by indications Apple’s shares
AAPL,
…nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

Share This