Vadim Lysev
As we approach Memorial Day, we want to express our gratitude to the brave men and women who made the ultimate sacrifice for our freedom. Seeking Alpha wishes all subscribers a wonderful holiday weekend and remembers those who have made the brave sacrifice. Their lives.
Traders will likely take some time off from the stock market on Memorial Day after the S&P 500 rose for a fifth straight week, its longest winning streak since early February.
Earnings season is drawing to a close, but no major economic data is scheduled for this week, except for Friday’s PCE inflation report. While this report is important, the Fed is likely to wait a few more months to see how things play out before deciding on the next steps for monetary policy.
Trading Schedule: The New York Stock Exchange and Nasdaq are closed on Monday due to a US holiday, but stock futures are actively traded.Indu), S&P 500 (Spocks) and the Nasdaq 100 (US100:IND) are both trending sideways and holding steady overnight.
Additionally, metals and energy futures on the Comex and New York Mercantile Exchange will trade until 1 p.m. Monday, while cryptocurrencies will be available for trading throughout the day, with Bitcoin being the last to trade. 1.3% decrease $68,480.
Across the Atlantic, stock markets in Paris and Frankfurt were open, but the London Stock Exchange was closed for a bank holiday. In Asia, trading was active in China, Hong Kong and Japan, with all major local stock indexes closing higher.
