Reply To: Market Wrap – Bulls Run for Second Day May 26, 2022

#37464
Truman
Participant

S&P 500 futures are 0.3% above fair value; the Nasdaq 100 future are 0.3% above fair value; and the Dow Jones Industrial Average futures are 0.2% above fair value.

Key factors driving the futures market:

Wait-and-see stance in front of the 8:30 a.m. ET release of the April Personal Income and Spending Report, which includes the PCE Price Indexes.
Mixed earnings news out of the retail space, which has driven mixed responses.
Lingering optimism about further rebound potential for stocks with month-end rebalancing and momentum factors driving things.

Bloomberg reports equities have seen their biggest inflows in ten weeks