Ahead of the US stock market open tonight, risk appetite is recovering, but it’s not a single “broad rally” logic:
① Dow futures +1.2%, Nasdaq futures +1.1%, and S&P 500 futures only +0.3%—there’s still divergence within the index;
② Oil prices are down nearly 3% in the morning, easing concerns about inflation, but Exxon, Chevron, and ConocoPhillips are down about 1% pre-market;
③ The 10:00 a.m. ET JOLTS report will test labor demand.
Watch whether oil prices can sustain the downward move, and whether the tech rebound can broaden.
#USstocks #CrudeOil #JOLTS
① Dow futures +1.2%, Nasdaq futures +1.1%, and S&P 500 futures only +0.3%—there’s still divergence within the index;
② Oil prices are down nearly 3% in the morning, easing concerns about inflation, but Exxon, Chevron, and ConocoPhillips are down about 1% pre-market;
③ The 10:00 a.m. ET JOLTS report will test labor demand.
Watch whether oil prices can sustain the downward move, and whether the tech rebound can broaden.
#USstocks #CrudeOil #JOLTS