Published on 9 May 2024 on Benzinga
... Open Lower Today: What's Dragging Stock Futures? - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ),...
Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a Fed speech scheduled for the day. While bullish analysts would like to focus on the resilience shown by the market amid the uncertainty, others warn of a challenging outlook following the breakdown of the broader uptrend in early April.
Cues From Previous Session: