Thursday didn’t brought victory to American stocks. They went down, with market participants firmly staying on the sidelines after solid revenues earlier this week. Apart from that, investors are waiting for jobless claims data.
The Dow Jones Industrial Average futures lost up to 30 points, a 0.2% decrease, trading at 17,592. Meanwhile, the S&P 500 index sagged about 4.20 points at 2,051. Secondly, the Nasdaq 100 index decreased 10.50 points, trading at 4,471.50.
Apart from that, the losses followed Wednesday’s upbeat close for American equities as markets kept deriving benefits from the Fed’s dovish statement, officially announced by its chairwoman Yellen.
In general, traders’ expectations that the major US bank is about to increase its rates again, have abruptly fallen for the last month, thus powering American stock markets.
Additionally, the Dow average has found itself on track for its 7.3% monthly revenue, which would be the most prominent since October. As for the Nasdaq Composite and the S&P 500, they’ve been also on track for their great monthly performance.