WASHINGTON (dpa-AFX) - The market might react to the announcement of the Labor Department's Job Openings and Labor Turnover Survey or JOLTS on Thursday. Early signs from the U.S. Futures Index
Proof Of How QE Works
There’s so much confusion out there about how money gets from the Fed into the stock and bond markets. I see the comments in my Twitter feed. People are clueless. Like how M1 is causal. Or how the Fed pumps money into the banking system and that doubles back somehow to speculative bubbles.
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Futures Suggest Wall Street To Open Broadly Down
Asian stocks closed mixed, while European shares are trading down.
As of 8.05 am ET, the Dow futures were declining 31.00 points, the S&P 500 futures were declining 2.50 points and the Nasdaq 100 futures were gaining 11.75 points.
On Wednesday, the Dow rose by nearly 190 points in morning trading but ended the session up just 73.89 points or 0.2 percent at 30,409.56. The Nasdaq edged up 19.78 points or 0.2 percent to 12,870.00 and the S&P 500 inched up 5.00 points or 0.1 percent to 3,732.04.
On the economic front, the Labor Department s Jobless Claims for the week will be issued at 8.30 am ET. The consensus is for 830K, while it was up 803K in the prior week.