{"id":32318,"date":"2023-11-05T23:18:40","date_gmt":"2023-11-05T23:18:40","guid":{"rendered":"https:\/\/microloannexus.com\/news\/stock-futures-rise-slightly-after-the-sp-500s-best-week-of-2023\/"},"modified":"2023-11-05T23:18:41","modified_gmt":"2023-11-05T23:18:41","slug":"stock-futures-rise-slightly-after-the-sp-500s-best-week-of-2023","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=32318","title":{"rendered":"Stock futures rise slightly after the S&#038;P 500&#8217;s best week of 2023"},"content":{"rendered":"<div id=\"LiveBlogArticle-featuredContent-3\" data-module=\"featuredContent\" data-test=\"featuredContent-0\" data-analytics=\"LiveBlogArticle-featuredContent-3-0\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"group\">\n<p>U.S. equity futures were slightly higher on Sunday evening after the major averages capped their best week so far this year.<\/p>\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-1\">Futures tied to the Dow Jones Industrial Average<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> rose 47 points, or 0.14%. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-2\">S&amp;P 500 futures<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> gained 0.15% and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-3\">Nasdaq 100 futures<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> added 0.13%.<\/p>\n<p>All of the major averages were coming off their best weeks of the year so far, also striking a positive chord to begin November trading. The <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-4\">Dow<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> ended the week at 34,061.32, up by 5.07% in its most winning week since October 2022. The <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-5\">S&amp;P<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> advanced 5.85% to 4,358.34\u00a0and the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-6\">Nasdaq Composite<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> finished the week higher by 6.61% at 13,478.28. It was the best week since November 2022 for both indexes.<\/p>\n<p>&#8220;Oversold conditions, solid earnings, hope for an end to the Federal Reserve&#8217;s rate-hiking campaign, and a sizable pullback in interest rates have brought buyers back into the market,&#8221; said LPL Financial&#8217;s Adam Turnquist.<\/p>\n<p>A soft monthly jobs report also drove bond yields lower, giving a boost to equities.<\/p>\n<p>Although the week ahead will be light on economic data and company earnings, seasonal tailwinds could help further the recovery in stocks. November is the best-performing month for the S&amp;P 500, according to the Stock Traders&#8217; Almanac. Turnquist noted it also kicks off the best six-month return period for the market since 1950. The S&amp;P 500 has generated an average return of 7% from November through April since then, he said.<\/p>\n<p>Earnings season is winding down, with 400 S&amp;P 500 companies having already reported their quarterly financial results. Investors this week are still looking forward to updates this week from Walt Disney, Wynn and MGM Resorts, Occidental Petroleum and D.R. Horton.<\/p>\n<p>Meanwhile, traders will also be watching Federal Reserve Chair Jerome Powell, who is scheduled to speak twice in the coming days. Last week the central bank kept rates unchanged for a second straight meeting as bond yields tumbled, and investors are hoping its rate-hiking campaign may be over.<\/p>\n<p>&#8220;If you look at the totality of the data that has come in over the last several weeks, you see an overall very strong picture,&#8221; Bharat\u00a0Ramamurti, former deputy director\u00a0of the\u00a0National\u00a0Economic Council, told CNBC&#8217;s &#8220;Closing Bell: Overtime&#8221; on Friday. &#8220;I would be surprised if the Fed was going to raise rates again this year and this may well be the top of the hiking cycle.&#8221;<\/p>\n<p>Fed Governor Lisa D. Cook is scheduled to speak on Monday. Several other Fed officials are making public remarks later in the week as well, including New York Federal Reserve President and CEO John Williams, Atlanta\u00a0Federal Reserve\u00a0President Raphael\u00a0Bostic, Richmond\u00a0Federal Reserve\u00a0President Thomas\u00a0Barkin and Dallas Fed President Lorie Logan.<\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/05\/stock-market-today-live-updates.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. equity futures were slightly higher on Sunday evening after the major averages capped their best week so far this year. Futures tied to the Dow Jones Industrial Average rose 47 points, or 0.14%. S&amp;P 500 futures gained 0.15% and Nasdaq 100 futures added 0.13%. All of the major averages were coming off their best<\/p>\n","protected":false},"author":1,"featured_media":32319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-32318","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock futures rise slightly after the S&amp;P 500&#039;s best week of 2023 | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"U.S. equity futures were slightly higher on Sunday evening after the major averages capped their best week so far this year.Futures tied to the Dow Jones\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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