December 9, 2022

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The US stocks set to open mixed with moves out of the riskier Nasdaq

1 min read

S&P near unchanged. Dow higher

The Pavlovian reaction to stronger jobs, which can lead to higher rates, a tighter Fed, is a flow out of the riskier Nasdaq stocks and into the more cyclical Dow stocks.

The futures are implying:

  • Dow up 110 points
  • S&P up 3.4 points
  • Nasdaq, down 60 points

The NASDAQ and S&P both closed at record highs yesterday.  

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