{"id":23191,"date":"2024-04-16T06:05:07","date_gmt":"2024-04-16T11:05:07","guid":{"rendered":"https:\/\/www.eoption.com\/morning-preview-april-16-2024\/"},"modified":"2024-04-16T06:05:07","modified_gmt":"2024-04-16T11:05:07","slug":"morning-preview-april-16-2024","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/morning-preview-april-16-2024\/","title":{"rendered":"Morning Preview: April 16, 2024"},"content":{"rendered":"\n
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Early Look<\/span><\/b><\/p>\n

Tuesday, April 16, 2024<\/span><\/b><\/p>\n\n\n\n\n\n\n
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Futures<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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Dow<\/span><\/b><\/p>\n<\/td>\n

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133.00<\/span><\/p>\n<\/td>\n

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0.35%<\/span><\/p>\n<\/td>\n

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38,126<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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-2.25<\/span><\/p>\n<\/td>\n

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0.04%<\/span><\/p>\n<\/td>\n

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5,102<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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-19.50<\/span><\/p>\n<\/td>\n

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0.11%<\/span><\/p>\n<\/td>\n

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17,857<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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U.S. futures are mixed, with Dow futures pointing to a higher open following better earnings result from UNH that topped consensus, lifting shares of 6% pre mkt though JNJ shares dip following their results. The S&P 500 is flattish and Nasdaq futures down slightly after major averages tumbled on Monday. The Dow Jones Industrial Average posted its 6th straight down day on Monday and 10 of last 11 falling from highs of 39,889 on 3\/21 but looks to get on track today. The S&P 500 and Nasdaq 100 each closed below their respective 50 day moving averages since November 2, 2023, on yesterday\u2019s slide with the Smallcap Russell breaking below its 50dma and 100dma. Overall, global markets remain on edge over potential geopolitical concerns after late yesterday Israeli military leaders reiterated their stance that Israel must respond to Iran’s recent drone and missile attack. In Asia overnight, China data came in mixed, while headline Q1 GDP was stronger than expected, underlying details were a lot worse or at best mixed as both industrial production and retail sales both missed estimates. The U.S. dollar rose for a 5th<\/sup> straight day on Monday as the dollar index (DXY) trades around 106.30 and the 10-year benchmark Treasury yield topped 4.65%. In Asian markets, The Nikkei Index dropped -761 points to 38,471, the Shanghai Index fell -50 points to 3,007, and the Hang Seng Index declined -351 points to 16,248. In Europe, the German DAX tumbles -250 points to 17,775, while the FTSE 100 is down -108 points to 7,857.<\/span><\/p>\n

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Market Closing Prices Yesterday<\/p>\n