Traders work on the prosecution on the New York Stock Exchange (NYSE) in New York, United States, May 14, 2025. Reuters / Brendan McDermid
Brendan McDermid | Reuters
The term contracts on S&P 500 have slipped night exchanges after the broad market index fought together a third consecutive advance in reaction to the Trump administration and Chinese marking a temporary suspension of their tariff dispute.
Future linked to S&P 500 dropped by 0.2%, while Future Nasdaq-100 lost about 0.1%. Dow Jones Industrial Middle Tower dropped by 168 points, or 0.4%.
In the event of negotiation after opening hours, the actions of Foot locker increased by more than 60% after the Wall Street Journal reported, citing people familiar with the issue, that Dick’s Sporting Goods Close an agreement to buy the company for around 2.3 billion dollars. Unitedhealth Slipped 8% after the newspaper reported, citing familiar people, that the Ministry of Justice is investigating the insurer.
The confidence in the immediate perspectives of the actions has been strengthened following last weekend talks between the secretary of the Treasury Scott Bessent and the Chinese officials who seemed to avoid a short-term drop in economic activity and an inflation ratio. Enthusiasm continued mainly on Wednesday, with the S&P 500 advance 0.1% and the Nasdaq Composite 0.7%increase. It was also the sixth day of consecutive victory for the technological index. 30 Stock Dow slipped 0.2%.
Technology giants are organizing a strong watch week to date: Nvidia And Tesla are both more than 16% and Meta-platforms added 11.3% during the period. Amazon And Alphabet Both are more than 8% each. The Nasdaq Composite is 6.8% higher this week, dragged by the S&P 500, in advance by 4.11% and the DOW, up 1.9%.
The feeling was reinforced Tuesday by the last reading on the inflation of consumers showing prices increasing at a slower rate than what Wall Street economists expected. Inflation increased by 0.2% in April to the exclusion of food and energy, below the consensual estimate of 0.3%.
Traders will seek new signs of a regular economy on Thursday, when the production price index, retail sales and industrial production numbers for April will be published before the opening market. Unemployed weekly complaints are also planned.
Also due: gains for the first tax quarter of Walmart, the largest retailer in the country.
