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Traders work on the floor of the New York Stock Exchange on December 7, 2023.
Brendan McDiarmid | Reuters
U.S. stock futures were little changed Wednesday night after the decline. Nasdaq Composite It has fallen for four consecutive days.
Dow Jones Industrial Average Futures It rose by 24 points (0.06%). S&P500 futures and Nasdaq 100 futures Each rose by 0.06%.
Wall Street is coming off a disastrous trading session, with all three major stock averages closing in losses on Wednesday. 30 shares Dow Although it fell nearly 300 points (0.8%), S&P500 It fell by 0.8%. The tech-heavy Nasdaq Composite Index fell for the fourth consecutive quarter, dropping more than 1%.
supercap tech stocks such as apple Underperformance since the start of the year as investors worry that markets are becoming overly optimistic due to exaggerated valuations and uncertainty about when the Federal Reserve will start cutting interest rates. It becomes. Apple stock has fallen more than 4% this week.
In 2023, the S&P 500 rose more than 24%, ending on its best weekly winning streak since 2004. The Nasdaq Composite Index rose 43%, its best year since 2020.
“There’s positioning, there’s sentiment, and all of that is pretty far-fetched,” Anastasia Amoroso, chief investment strategist at iCapital, told CNBC’s “Closing Bell” on Wednesday. “And after finishing the year we’ve had really strong, I think it’s time for us to give back.”
On the economic front, the ADP private sector employment report for December is scheduled to be released on Thursday morning. Economists compiled by Dow Jones forecast an increase of 130,000 people last month, up from 103,000 the previous month.
walgreens boots alliance is expected to report results before the start of trading on Thursday.
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