US stocks are set to open higher. Shares of banking on trade deals to come. US and China will meet in Switzerland. Pres. Trump said that 80% tariff seems about right (down from 145%). Realistically, 80% is still too high and will likely lead to higher inflation and higher unemployment as small businesses go out of business. Uncertainty remains high but hope springs eternal.
The futures are implying:
Coming into the day, the S&P and NASDAQ indexes are modestly lower:
S&P index -0.40%NASDAQ index -0.28%Technically, both the S&P and the NASDAQ indices are staying above their 50 day moving average at session lows this week. Looking at the S&P index the 50 day moving averages at 5555.65 (lots of 5's). On the top side, the 200 day moving average is the next target at 5747.76)
For the Dow industrial average, the index is up 0.12% coming into the final day of the week.
In premarket trading:
Nvidia shares are trading up 0.34%. The price is up 2.51% for the trading week (at the close yesterday. Alphabet shares are down -0.34%. For the week, they are down -5.94%.Microsoft shares are up 0.36% for the day. For the week the index is up 0.66%Meta shares are up 1.01% in premarket trading. For the week into today, the shares are up 0.16%Apple shares are up 0.66%, but for the week the shares are down -3.83%.Amazon shares are up 0.53% in premarket trading, and are up 1.11% for the weekTesla heirs are up 1.82% in premarket trading. At the close yesterday, the shares were down -0.83% This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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