Published on 28 May 2024 on Benzinga
...Dow Futures Fall: What's Going On Premarket? - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P...
Index futures point to a slightly higher opening for the market on Tuesday after the long Memorial Day weekend. This week marks a significant change, as the settlement cycle transitions from T+2 to T+1. The Securities and Exchange Commission expects this shift to reduce risks associated with unsettled trades, including credit, market, and liquidity risks.
Traders are carefully weighing each piece of economic data as they reassess the likelihood of future interest rate cuts. Speeches from Federal Reserve officials and an upcoming consumer confidence report are key factors influencing their decisions.