Free Trial

Stocks Give Up Strong Start, Ebb Lower Into Friday Close

EQUITIES
  • US equity futures traded well ahead of the NY open, with the e-mini S&P following Europe higher and testing the all-time highs posted Thursday at 4249. This clip failed to be maintained into the Friday close, however, with the quiet data and speaker calendar leaving little to distract, profit-taking pushed the e-mini S&P back through unchanged and into mild negative territory ahead of the closing bell.
  • Across the S&P 500, healthcare and real estate were the poorest performers, while the bounce in financials and tech names failed to support the headline index price.
  • The fade in stocks back to unchanged ahead of the close worked further against the VIX, which remains less than half a point above post-pandemic lows of 15.15 printed earlier this week.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.