Futures on Dow go down before Memorial Day weekend when investors look at China and the United States. United States tensions


On Thursday evening, the US stock index futures indicated modest losses on Friday, but a strong weekly gain as investors look forward to a three-day weekend. Market indices will seek to defend their solid weekly gains amid growing Sino-US tensions and vacations that could test the limits of efforts to reopen the coronavirus blockade in much of the country.

How are benchmarks negotiated?

Dow Jones Industrial Average Futures
YMM20,
-0.61%
those of the S&P 500 were on 167 points, or 0.7%, at 24,209
ESM20,
-0.59%


They fell 20.40 points, or 0.7%, to 2,916.50, while futures on the Nasdaq-100
NQM20,
-0.58%
it fell by 69.50 points to reach 9,286.25, a decrease of 0.7%.

Thursday the Dow
DJIA
-0.41%
It fell 101.78 points, or 0.4%, to 24,474.12, while the S&P 500 index
SPX
-0.77%
finished 23.10 points, or 0.8%, at 2,948.51. The Nasdaq composite index
COMP,
-0.96%

He lost 90 points or 1% to finish at 9,284.88.

During the week, the Dow Jones rose 3.3%, the S&P 500 returned 3% and the Nasdaq composite index rose 3% at the close of normal trading on Thursday.

What drives the market?

The main stock indexes rose sharply during the week with returns linked to optimism about the reopening of the states. President Donald Trump said Thursday he would not move to shut down the U.S. economy to stop the spread of a possible second wave of COVID-19.

“We are going to put out the fires. We are not going to close the country,” he said, speaking in a Ford engine
F,
+ 2.55%
Michigan factory.

Thursday evening Universal Orlando director John Sprouls sought approval from Orange County mayor Jerry Demings to open the company’s theme parks on June 5, the Orlando Sentinel reported.

Data compiled by Johns Hopkins University suggests that expectations for the development of a vaccine for COVID-19, which has infected more than 5 million people and caused 330,000 deaths worldwide, have accumulated assets perceived as risky . .

The week was not without drama, however, with growing concerns over US-China relations, which have deteriorated in recent weeks, limiting further gains for risky assets.

U.S. lawmakers have passed a bill to censor China’s decision to impose new national security laws in Hong Kong, and on Wednesday the Senate passed separate legislation that could have the effect of banning Chinese companies listed on the US stock exchanges.

Growing tensions between EE. United States And China occurs when the United States markets in the United States will be closed on Monday for Memorial Day, and the bond market will close an hour earlier at 2 p.m. This Friday and will remain closed until Tuesday.

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