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Stock futures inch higher ahead of the final trading session of 2021


Trader working on the New York Stock Exchange’s trading floor in Manhattan, New York City. December 28, 2021.

Reuters| Reuters

On Thursday night, stock futures saw a slight increase ahead of the last trading day in 2021.

Futures tied to the Dow Jones Industrial Average added 0.03%, while S&P 500 futures inched 0.04% higher and Nasdaq 100 futures rose 0.05%.

After trading higher for the remainder of the session, all three major averages fell into regular trading. Dow dropped 90 points (or 0.3%) to end its six-day winning streak. The S&P 500 dipped 0.3%, falling less than 1% from its record, which it hit in the previous session. The Nasdaq Composite also lost 0.2%.

The second-to-last trading session of 2014 saw little economic or news activity. However, investors might be able to overlook the market moves as most of the important averages will finish the week higher.

Sylvia Jablonski (chief investment officer, Defiance ETFs), said Thursday that “these days matter less.” “We’re at the end of the year, it’s a holiday – liquidity wanes a little bit, but we have a strong economy … there are a lot of positive sides to the market next year.”

Chris Harvey, Wells Fargo Securities’ head of equity strategy and market bull, stated that he is becoming more cautious as a result. He said that he plans to look forward to 2022.

He said that he was bullish at year-end and thought there would be a meltdown. But now, it is time to look at the landscape, for some more sobering thoughts, on CNBC’s Fast Money. There’s a pervasive belief that the market is flexible but cannot break. In 2Q, we expect 10% of the market to pull back next year.

He added, “We’re late in the cycle … we expect to see multiple compression, whether it’s due to deceleration of growth, the Fed getting more aggressive – or maybe what we’re going to see is a peaking of pricing. It can result in a surge of multiples or a rise of margins. This year, we are much more cautious. People should first consider the risks and then think about the returns.

On Thursday, cruise line stocks fell after the Centers for Disease Control and Prevention advised Americans to avoid going on cruises. Norwegian Cruise Line lost 1.4%.

After a rough week, other travel stocks recovered. This was despite the fact that there were many developments concerning the omicron version. Penn National Gaming saw an increase of 4.4%. Wynn Resorts increased by more than 2%

Last week, there were a total of 661,000 jobless claims lower than expectedThe Labor Department reports Thursday that the figure was 198,000 Dow Jones polled economists to forecast 205,000.

On Friday, there are no expected economic data.