At-a-Glance
Today’s Top Highlights
Before getting into the market action from today, there was a big announcement that came out of the CME Group today. CME Group, the world's leading derivatives marketplace, today announced plans to launch Single Stock futures beginning this summer, pending completion of all regulatory review and processes. These new products will enable market participants to trade futures on more than 50 of the top U.S. stocks from the S&P 500, Nasdaq-100 and Russell 1000 indices, including names such as Alphabet, Meta, NVIDIA and Tesla – all with the flexibility, capital efficiency and precision of financially settled futures.
Outside of this exciting announcement, markets saw some selling pressure today broadly looking at the equities, precious metals, and crypto futures after seeing a positive day yesterday. There are big reports starting to come out tomorrow as discussed yesterday looking at jobs and inflation, but today retail sales numbers came in worse than expected, and that helped bring down the equity indices. Gold and Silver also traded lower today while the Dollar traded marginally higher and the crypto selling continued today with Bitcoin again trading lower. The rest of the week will bring clarity to a lot of traders about the state of inflation and could be pivotal in the Fed’s decisions moving forward.
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