In the long run, US futures fell on Friday, putting the S&P 500 on track to end the week with low earnings, after setting a ninth maximum closing record for 2021.
S&P 500 futures fell 0.3%, indicating a decline after the opening bell. Contracts related to the Nasdaq-100 index fell 0.3%, suggesting that technology stocks could also fall.
Stocks were shaken this week. Hopes of a new round of stimulus spending from President Biden’s administration and the launch of vaccines have led to a market rally for much of this year. The Federal Reserve this week pledged to continue with weak monetary policy until the economy is on a stronger footing.
At the same time, concerns about rich stock assessments, elevated levels of coronavirus infection, new variants of the virus and obstacles to vaccination programs in many countries are pausing investors.
“In the short term, it remains unclear when the blockades will end and whether consumers will rush to spend on travel and entertainment when they are free to do so,” said Willem Sels, chief investment officer of HSBC Private Banking and Wealth Management. .