American equities are poised to lose grip of record maximums

On Thursday, Wall Street was set for a dismal day, rebounding from all-time maximums because market participants were annoyed by probable delays to passing Republican tax reform in Washington.

Market participants were also awaiting another batch of corporate outcomes, including those from Macy’s, Disney and Dish for more evidence of a better-than-anticipated third-quarter earnings season.

Futures for the Dow Jones Industrial Average YMZ7 went down 0.1% being worth 23,469. Meanwhile, those for the S&P 500 index ESZ7 managed to inch down 0.1% trading at 2,587.25. As for futures for the Nasdaq-100 Index NQZ7, they lost 0.1% demonstrating an outcome of 6,333.

The losses emerged after on Wednesday all three major gauges — the S&P 500 SPX, the Nasdaq Composite Index COMP and the Dow average DJIA pushed further into record territory.

The three indexes concluded at all-time maximums on the same day for the 27th time this year.

Similar

15.10.2021 12:36 What will move the market on October 18-22?

The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?

22.09.2021 16:37 What to expect from Microsoft event?

On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.

15.09.2021 14:33 Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.