There was a little change in U.S. stocks on Thursday night. 

S&P 500 futures increased 0.05% and Nasdaq 100 futures increased 0.08%. Futures linked to Dow Jones industrial increased 1 point or 0.003%.

Ride-hailing platform Lyft shares decreased 30% in extended trading

Expedia shares also decreased by 2%. 

During the regular trading session, the 30-stock Dow decreased by 250 points.

The S&P 500 decreased by 0.9% and Nasdaq decreased by 1.02%.

Shares of Alphabet contributed to the decrease in the Nasdaq, decreasing more than 4%.

All major averages are on track to end the week with losses. S&P 500 decreased by 1.3% in the week. Dow decreased by 0.6%. The Nasdaq decreased the most, by 1.8%.

“Historically, it is really unusual to see the S&P 500 itself this far above the 200-day moving average, this far into a bear market, and have it not be the end,” Dan Greenhaus said.

“In general, both the equity and credit markets are discounting something resembling a soft landing, and a return to a normalized rate policy that is increasingly unlikely,” he said.

Stocks making the biggest moves after hours.

Expedia company shares decreased by about 2%.

Lyft shares decreased by 30%. The reported losses were 74 cents per share.

PayPal decreased after hours following the company’s quarterly report. Revenue came in at $7.38 billion.

There was an ease in April gold futures of 0.65% to $1,878.5. The intraday low was 1,870.9, but they remain higher by 0.1%. 

Gold has increased almost by 3%in 2023.

“Historically it’s very unusual to see the S&P 500 itself get this far above the 200-day moving average this deep in a bear market and not have it be the end,” Greenhaus said. 

The S&P 500 is nearly 4% above the 200-day moving average of 3,945 after an increase of 6% year to date.

- Published By Team Nation Press News

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