In the last week, the S&P 500 dropped 0.37%, whereas the Nasdaq Composite and Dow Jones slipped 0.10% and 0.95%, respectively.
Trading will be suspended on Thursday following an abbreviated session on Wednesday, with equity markets closing at 1:00 p.m. EST and bond markets at 2:00 p.m. EST. Despite the shortened schedule, investors have several economic indicators to digest, highlighted by the initial figures for third-quarter GDP.
Meanwhile, the 10-year Treasury bond yielded 4.16%, and the two-year bond was at 3.49%. The CME Group's FedWatch tool‘s projections show markets pricing an 80.1% likelihood of the Federal Reserve leaving the current interest rates unchanged.
Futures
Change (+/-)
Dow Jones
0.10%
S&P 500
0.36%
Nasdaq 100
0.56%
Russell 2000
0.38%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Monday. The SPY was up 0.33% at $682.81, while the QQQ advanced 0.41% to $619.60, according to Benzinga Pro data.
Stocks In Focus
Trump Media & Technology Group
Trump Media & Technology Group Corp. (NASDAQ:DJT) was up 3.67%, continuing to soar on the news that it has completed a $6 billion merger with fusion company TAE Technologies.
DJT maintained a weaker price trend over the long term but a strong trend in the short and medium terms. Additional performance details, as per Benzinga’s Edge Stock Rankings, are available here.
Kemper
Kemper Corp. (NYSE:KMPR) shares tumbled 6.84% after William Blair downgraded the stock from outperform to market perform, citing deteriorating auto insurance fundamentals, as per an Investing.com report.
It maintains a weaker price trend over the short, medium, and ...
