U.S. stock lower in pre-market trading for,Jan 25.The Dow Futures is trading at 30,901.50 with a loss of -0.02% percent or -7.50 point.The S&P 500 Futures is trading at 3,843.88 up with+0.25% percent or +9.63 point.The Nasdaq Futures is trading at 13,485.00 up with +0.92% percent or +123.50 point.
Monday’s Factors and Events
He expects stocks to fall at least 30% in a downturn that lasts two years. One of his major reasons: Business unfriendly policies from Washington.
“We now have a Biden administration that has a Senate and a House. They’re likely to enact very much more anti-capitalist policies,” the investor told “Trading Nation” on Friday. “They have already raised the minimum wage. That’s going to hurt earnings on the cost side.”
Friday Activity
For the day the Dow is trading at 30,996.98 with a loss of –percent or –179.03 point. The S&P 500 is trading at 3,841.47 with a loss of – percent or –11.60 point. The Nasdaq Composite is trading at 13,543.06 up with + percent or +12.15 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 2,168.76 with +1.28% percent or +27.34 point; the S&P 600 Small-Cap Index closed at 1,231.70 with +1.27% percent or +15.47 point; the S&P 400 Mid-Cap Index closed at 2,462.53 up with +0.38% percent or +9.29 point; the S&P 100 Index closed at 1,764.21 with a loss of -0.15% percent or ?2.65 point; the Russell 3000 Index closed at 2,317.26 with a loss of –0.15%percent or –?3.52 point; the Russell 1000 Index closed at 2,175.88 with a loss of –0.26%or ?5.57 point