US stock market prediction: Will there be Monday blues for S&P 500, Dow, Nasdaq?
US stock market shows strong trading on Friday as the Wall Street closed out another strong week on a positive note. S&P 500 rose 0.7 per cent, the Dow Jones Industrial Average added 0.8 per cent, and the Nasdaq composite climbed 0.5 per cent.
On Friday, S&P 500 rose 41.45 points, or 0.7 per cent, to 5,958.38. The Dow Jones Industrial Average rose 331.99 points, or 0.8 per cent, to 42,654.74. The Nasdaq composite rose 98.78 points, or 0.5 per cent, to 19,211.10. The Russell 2000 index of smaller companies rose 18.56 points, or 0.9 per cent, to 2,113.35.
For the year, S&P 500 is up 76.75 points, or 1.3 per cent, Dow Jones is up 110.52 points, or 0.3 per cent, Nasdaq is down 99.69, or 0.5 per cent, Russell 2000 is down 116.90 points, or 5.2 per cent.
Even as companies have delivered fatter profits than expected, many have also warned they’re unsure about what lies ahead. CEOs have been either lowering or withdrawing their financial forecasts for the year given all the uncertainty around how Trump’s tariffs will end up, as per an AP report.
Market stalwarts such as Apple and Alphabet are still down double-digits for the year and the Nasdaq composite, with a bigger roster of technology companies, is still down 0.5 per cent, AP reported.
Analysts are quick to remind investors that most tariffs have been paused, not eliminated, and others are still in place. Trump retained a baseline 10 per cent tariff against other counties. U.S. tariffs against China are still at 30 per cent.“I would advise investors to remain cautious in the near term and to be prepared for unexpected news from the trade front,” said Louis Wong, director for Phillip Securities Group in Hong Kong, earlier this week.
FAQs
Q1. What is key indexes of US stock market?
A1. Key indexes of US stock market are S&P 500, Dow Jones, and Nasdaq.
Q2. How is Nasdaq performing?
A2. Market stalwarts such as Apple and Alphabet are still down double-digits for the year and the Nasdaq composite, with a bigger roster of technology companies, is still down 0.5 per cent, AP reported.