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Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: S&P 500 : 5,949.17, down 0.6% Dow Jones Industrial Average : 43,750.86, down 0.47% (-207.33 points)
The Stoxx Europe 600 index, the benchmark for the region, was up 1.3%. Germany’s DAX and France’s CAC rose 0.8% and 1.4% respectively, while London’s FTSE 100 was trading 1.3% higher on the day.
Indexes closed lower on Tuesday, led by a slide in tech stocks. The Nasdaq dropped almost 2%, while the Dow lost more than 150 points. Data showed strong growth in the services sector last month ...
Calm has returned to the market after stocks snapped a record-setting run of wins. Stock market news today: US futures bounce back from worst day in months [Video] Skip to main content
The market's positive open follows four consecutive days of losses in the final trading days of 2024. Still, the S&P 500 surged 23% to notch back-to-back annual gains of over 20%.
S&P Futures trade with a multiplier, sized to correspond to $250 per point per contract. If the S&P Futures are trading at 2,000, a single futures contract would have a market value of $500,000. For every 1 point the S&P 500 Index fluctuates, the S&P Futures contract will increase or decrease $250.
The result is that a trader who believed the market would rally could simply acquire Dow Futures and make a huge amount of profit as a result of the leverage factor; if the market were to rise to 14,000, for instance, from the current 10,000, each Dow Futures contract would gain $20,000 in value (4,000 point rise x 5 leverage factor = $20,000). [5]
Indexes closed lower on Thursday, dragged by tech stocks after the latest inflation report came in warmer than expected. Nvidia shares lost more than 1%, while Adobe stock fell almost 14% on a ...