⚡ Easily Trade – Apple, Microsoft, Tesla and Google Stocks – Open a FREE Account Here

      

Stock Market Prepares to Open after Low Week

Can the US stock market recover after a hard previous week? We expect to see sluggish trading as investors are still worried about high inflation rates.

All three major indices managed to open up on Monday in the early hours of trading, but they were down overall for last week. Are the higher opening numbers because the market was far enough removed from bad news about higher than expected inflation rates? We will have to see as the market trades through today.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

As of press time, the Dow Jones Industrial Average was trading up by 0.88%. The S&P 500 was trading up by 0.83%, and the Nasdaq Composite is trading with an increase of 0.71%.

Last week was brutal for the market, with the Dow Jones losing 2.4%. That would make it the hardest week for the Dow Jones since March of last year. This is how significantly high inflation news has affected the market and gives some indication of how it might affect it moving forward.

The Nasdaq Composite experienced the third week in a row of losses, and the S&P 500 lost 1.5% for the week. Overall, the market suffered and may have a hard time getting out of its rut this week.

Outlook for the Stock Market

What can we expect for the stock market this week? Can anything help lift the numbers a bit?

Later this week, we have reports on retail sales and the IMF meeting that could help somewhat. Of course, these numbers could show increased inflation and decreased spending, signaling even more of an economic crisis. That has been the theme of many of the earnings reports for 2024. When the reports are not overly positive, the stock tends to sink, even when sales are up from the previous quarter. This denotes lower consumer confidence in the economy and makes it harder for the market and the wider economy to recover.

 

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
Related Articles