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Home / Business / US stock futures retreat after Dow's biggest gain in history

US stock futures retreat after Dow's biggest gain in history



US. The stock futures eased slightly on Thursday. Investors were perhaps ready for a breather the day after a strong stock market rally on Christmas Eve.

How do benchmarks work?

Dow Jones Industrial Average

DJIA, + 4.98%

Futures

YMH9, -0.69%

fell 112 points, or 0.5%, to 22,789, while the S & P 500 futures value was

ESH9, -0.70%

fell 12.90 points or 0.5% to 2,458 and Nasdaq 100 futures

NQH9, -0.94%

retreated 50.25 points or 0.8% to 6,236.

On Wednesday, the Dow Jones Industrial Average

DJIA, + 4.98%

ended with a gain of 1,086.25 points or 5% at 22,878.45. The S & P 500

SPX, + 4.96%

rose 5% and ended at 2,467.70. The Nasdaq composite

COMP, + 5.84%

COMP, + 5.84%

rose 5.8% to 6,554.36.

All three major indices posted the strongest one-day gains since March 23, 2009, and it was the best performance for the meters every day after Christmas. This is followed by a brutal sell-off in a shortened Christmas Eve session on Monday, when all three indices have had the lowest value since 2017.

As Shares Decline in December, Wall Street Strategists Expose 2019 Profits

All three major indices have fallen more than 10% in the month to date and the Nasdaq remains in the market for bear markets.

Opinion: What will stop the bear market for equities in 2019

What drives the market?

The volatility seemed to remain in the market, which tends to be below average due to the Christmas holidays. The shares will be trading again next week when markets close for New Year's Day.

There are concerns that Wednesday's big move was exaggerated, which could be reflected in the strength of the yen

USDJPY, -0.41%

against the dollar – The Japanese currency is often viewed as a haven for investors in times of economic and market uncertainty. And after bouncing off 17-month lows, Thursday's oil was softer while the yield on the 10-year Treasury note fell

TMUBMUSD10Y, -1,34%

slipped to 2,778%.

And while investors got the assurance they wanted for the job of Federal Reserve Chairman Jerome Powell, there is no solution to other big problems, such as the continued closure of the government, as Washington is funding itself planned Trump Border Wall.

There was positive news for world trade, and the US is expected to send a delegation to hold talks with Chinese officials during the week of January 7, Bloomberg News said. This is the first time that US and Chinese delegates have met since the G-20 summit in Argentina earlier this month, resulting in a 90-day ceasefire.

See: "Robin Hood of Wall Street" says Trump should be careful to buy the stock market.

How are other markets trading?

West Texas Intermediate Crude Oil Prices

CLG9, -1.21%

fell 0.5% to $ 45.99 a barrel after snapping back 8% on Wednesday.

European stock markets reopen on Thursday after a long Christmas break, with futures pointing to gains in the beginning.

In Asia, the Nikkei 225 index

NIK, + 3.88%

rose 3.9%, although China's Shanghai Composite Index

SHCOMP, -0.61%

decreased by 0.1%.

The ICE Dollar Index

DXY, -0.23%

fell 0.2% while gold fell

GCG9, -0.14%

was also softer.

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