Carnivore Trading founder Dutch Masters and Revere Securities CSO Scott Fullman provide insight into the stock markets.
Wall Street will pause on Monday to mark the Memorial Day holiday.
There will be no trading in stocks as U.S. equity markets will be closed.
The U.S. bond market is also closed, so no trading in Treasuries.
Stock futures will trade on an abbreviated schedule. They will trade until 1:00 PM ET.
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United States flags fly outside of the New York Stock Exchange. (REUTERS/Lucas Jackson)
Energy futures will trade until 2:30 PM ET.
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U.S. stocks turned in a broad rally on Friday ahead of the long holiday weekend with all three of the major averages rising.
Stocks closed higher for the week, breaking a seven-week losing streak, the longest such stretch since 2001.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 33212.96 | +575.77 | +1.76% |
| SP500 | S&P 500 | 4158.24 | +100.40 | +2.47% |
| I:COMP | NASDAQ COMPOSITE INDEX | 12131.131075 | +390.48 | +3.33% |
The S&P 500 rose 2.5%, increasing its gain for the week to 6.6%. That’s the biggest weekly gain for the benchmark index since November 2020.
Technology stocks were a big factor pushing the market higher. That sent the Nasdaq composite up 3.3%. The Dow Jones Industrial Average rose 1.8%.
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FILE- A street sign is seen in front of the New York Stock Exchange. (REUTERS/Brendan Mcdermid)
In the week ahead, investors can look forward to a trio of labor-related reports.
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ADP will report on private sector hiring, the government will have the weekly jobless claims and the week will finish with the May Employment Report.
