Futures point to a higher opening level on the last day of 2018. Futures on the Dow rose by about 250 points. Futures on the S & P 500 rose 0.9%, while futures on the Nasdaq rose 1.1%.
The market moved higher after President Donald Trump expressed optimism on Saturday that the United States might close a trade deal with China. is he chirped
the deal is “moving very well”, calling the talks “very comprehensive”.
But, with the exception of a miracle, this will be the second year of decline for the US markets after the 2008 financial crisis. The S & P 500 fell 7%, the Dow fell 6.7%, and the Nasdaq fell 4.6% this year.
The S & P 500 and Dow declined slightly in 2015, but the Nasdaq was higher this year.
The year 2018 was marked by wild volatility throughout the year, especially in February and December.
In the last 10 trading days alone, the Dow Jones index fell more than 350 points six times, including a drop of 653 points on December 24, the worst fall on Christmas Eve in the entire history of observations. But when investors returned to the market on December 26, the Dow index gained 1086 points, which was the largest increase in history.
The market is in a historical period of volatility. In December alone, the S & P 500 index grew by more than 1% ninefold compared with the eighth for the whole 2017. This year it has grown almost 64 times.
Volatility was caused by signs of a global economic downturn, concerns about monetary policy, political dysfunction, concerns about inflation, and fears about increasing regulation of the technology sector.
The fear of a global trade war caused by threats to the Trump administration and actions against trading partners remains a source of concern for the markets.
Although the US economy was strong, some fear that the Federal Reserve will raise interest rates too quickly and may hold back economic growth. Some previously well-developed stocks of US companies, such as Facebook (FB), Apple (AAPL) and Google’s parental alphabet (GOOGL), are currently down by a year to start trading on Monday.
The impact of Brexit on the UK and Europe has also worried investors, as has the slowdown in China’s economy.