U.S. stock futures on Thursday were pointing to a bounce back, as key indexes remain locked in a tight range.
What’s happening On Wednesday, the Dow Jones Industrial Average DJIA fell 208 points, or 0.61%, to 33949, the S&P 500 SPX declined 46 points, or 1.11%, to 4118, and the Nasdaq Composite COMP dropped 203 points, or 1.68%, to 11911.What’s happening On Wednesday, the Dow Jones Industrial Average DJIA fell 208 points, or 0.61%, to 33949, the S&P 500 SPX declined 46 points, or 1.11%, to 4118, and the Nasdaq Composite COMP dropped 203 points, or 1.68%, to 11911.
“It feels like the market is transitioning into a tighter range before getting new information on which to decide whether to continue to uptrend or reverse lower,” said Peter Garnry, head of equity strategy at Saxo Bank. “The signs are leaning towards a cyclical uptrend, but the signal-to-noise level remains low across many macro indicators.
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