After last week’s stock market weakness, a deep dip on Monday may have finally created the buying opportunity many long-term investors have been waiting for for months.
Lindsey Bell, Chief Investment Strategist for Ally Invest, says investors need to stay calm and trust in the long-term performance of the S&P 500.
CME Group’s Secured Overnight Financing Rate (SOFR) Term Rates have seen extensive client interest since the Alternative Reference Rates Committee (ARRC) endorsed them on July 29, with the move marking the last step in the ARRC’s Paced Transition Plan from LIBOR.
The SPDR S&P 500 (NYSE: SPY) opened down more than 1% Monday morning near a support level at $433.69 and bounced. Traders and investors are likely feeling wary about the Federal Reserve’s meeting on Sept. 21 and Sept.
The orderly selloff we’ve been having just got a bit disorderly. The markets started the week feeling like it was a Manic Monday with stock futures sharply lower on extended concerns regarding China’s real estate sector.
First, we’re seeing some selling in U.S. indices to begin the week, and while we’re still just off all-time highs in the S&P 500, the Nasdaq, and in the Dow, the swiftness of the move lower through 35K last week and now to below 34K ahead of the cash open is attracting some attention.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade after closing mixed in the previous session despite reporting unexpected rise in retail sales.
Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade after the Dow Jones climbed more than 200 points in the previous week
Data on initial jobless claims, retail sales and Philadelphia Fed manufacturing index will be released at 8:30 a.m. ET. Data on business inventories for July will be released at 10:00 a.m. ET.