Stock futures went down slightly on Sunday night after the S&P 500 had a good week. The S&P 500 futures dropped by 0.03%, while the Dow Jones Industrial Average futures fell by 0.02%. Nasdaq-100 futures also decreased by 0.08%. Last week, the stock market did well, with the S&P 500 going up by 3.9%, the Nasdaq Composite by 5.2%, and the Dow by 2.9%. The market had a rough start to August but got better when good news came out about retail sales, jobless claims, and Walmart’s results. Investors are looking forward to hearing from Fed Chair Jerome Powell for more info on rate cuts. Also, earnings reports from Palo Alto Networks and Estee Lauder are expected. This info could affect the stock market this week.
Vocabulary List:
- Futures /ˈfjuːtʃərz/ (noun): Financial contracts obligating the buyer to purchase an asset at a predetermined price at a specified time in the future.
- Decrease /dɪˈkriːs/ (verb): To make or become smaller or fewer in size amount intensity or degree.
- Earnings /ˈɜːrnɪŋz/ (noun): Money obtained in return for labor or services.
- Investors /ɪnˈvɛstərz/ (noun): Individuals or institutions that allocate capital with the expectation of generating financial returns.
- Claim /kleɪm/ (noun): A formal request for the payment of a financial obligation.
- Affect /əˈfɛkt/ (verb): To have an influence on or make a change to something.
How much do you know?
What was the percentage decrease in S&P 500 futures as mentioned in the text?
Which index had the smallest decrease in futures according to the text?
By what percentage did the Nasdaq Composite increase last week?
What contributed to the improvement in the stock market mentioned in the text?
Who are investors looking forward to hearing from for more information on rate cuts?
Which companies are mentioned as having upcoming earnings reports in the text?
This question is required
