Premarket
- S&P 500SPY
- +0.67%
- at 762.94
- By the close+0.16%
- Nasdaq 100QQQ
- +0.77%
- at 714.19
- By the close+0.10%
- DowDIA
- n/a
- No premarket print
- Russell 2000IWM
- +0.73%
- at 289.83
- By the close-0.32%
IEX premarket price against the prior close.
Indexes rebound premarket after a selloff on oil and yields.
Tone
The S&P 500 fell 0.6% yesterday and the Nasdaq 100 fell 1.06%. The Dow lost 0.6% and the Russell 2000 1.02%. Premarket, the S&P 500 is up 0.67%, the Nasdaq 100 0.77% and the Russell 2000 0.73%. Dow premarket prices are not in yet. The structure score of 51 is balanced: the medium trend is rising, which is the bigger picture, but the index sits near the bottom of its recent range and below its short-term trend.
Yesterday's drop came as oil spiked 6% and yields hit a 19-year high. Fitch warned an AI bust could crash US stocks 35% and trigger a recession. Nvidia dominates the company news and matters because it is a proxy for AI sentiment. Its stock edged higher on a report of Microsoft data center expansion.
The calendar feed is unavailable this morning, so no economic releases or earnings reports are listed.
Structure
Balanced51/100
Describes where SPY stands now. Not a forecast.
- SPY below its 20-day average+0
- 20-day average above the 50-day+25
- In the lower third of its 20-day range+1.35
- IEX premarket +0.7% vs prior close+25
News
- 1
Fitch Says AI Bust Could Crash US Stocks 35%, Trigger Recession (opens benzinga.com in a new tab)
Marketbenzinga.com1 outlet
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- 3
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Today
Economic releases
Calendar unavailable
Earnings
Calendar unavailable
Key levels
| Level | S&P 500SPY | Nasdaq 100QQQ | DowDIA | Russell 2000IWM |
|---|---|---|---|---|
| Prior close | 757.87 | 708.73 | 520.89 | 287.73 |
| Prior high | 760.00 | 712.01 | 523.02 | 289.80 |
| Prior low | 756.64 | 706.92 | 519.88 | 287.19 |
| 5-day high | 774.01 | 721.86 | 537.56 | 296.18 |
| 5-day low | 756.64 | 706.92 | 519.88 | 287.19 |
| IEX premarket | 762.94 | 714.19 | n/a | 289.83 |
Informational only. Not financial advice or a trade signal.