"S&P 500 futures ticked downward 0.22% this morning, an indicator that some traders decided overnight to lock in their gains from yesterday's close, when the index reached a new all-time high of 6,901. The peak was entirely predictable, given that U.S. Federal Reserve chairman Jerome Powell delivered a new dose of liquidity, as expected, via Wednesday's 0.25% interest rate cut.Nasdaq 100 futures were down 0.51% this morning, premarket, as traders picked winners and losers in the tech sector."
"In the week up to December 10, retail investors ploughed $7.8 billion into stocks, above the $6.3 billion weekly average. "Retail investors continued to favor ETFs (+$6.3B) over Single Stocks (+$1.5B)," they told clients in a note seen by Fortune. "2025 is set to be a record year for retail traders in terms of flows (tracking at ~1.9x the 5y avg), 53% above the levels seen last year and 14% above the previous peak during the retail mania of 2021," they said."
S&P 500 futures ticked down 0.22% as traders locked gains after the index reached an all-time high of 6,901 following a 0.25% Federal Reserve rate cut. Nasdaq 100 futures fell 0.51% premarket, with Oracle sliding about 1% overnight and down more than 9% over five sessions after revenue and capital-expenditure misses, while Alphabet gained 0.26%. The S&P 500 is up 17.33% year to date, driven by Powell signaling roughly 175 basis points of cuts and heavy retail buying of ETFs and tech stocks. In the week to December 10, retail investors invested $7.8 billion in stocks, favoring ETFs ($6.3B) over single stocks ($1.5B); retail flows are tracking about 1.9 times the five-year average and gold rose about 65% year to date.
Read at Fortune
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