Major US markets ended last week on a downward note. However, futures are pointing to a different ending this week, if markets hold up.
With the exception of Nikkei, which was flat for the day, Hang Seng ended over half a percent higher, while the Shanghai Composite jumped nearly 1% to cap off the week. This marks the best week for Asian this year, with the Nikkei putting on over 3.5% to its value from the beginning of the week. Shanghai’s rally today put the index higher 1.1% for the week, while Hang Seng gained 1.7% over the same period.
By Brian Nichols:The long-awaited market pullback has finally begun - or at least there is a chance that the markets will continue its downward trend. Last week, the S&P 500 lost 2% of its valuation, and has traded lower by almost 5% during the last month. With that said, my "5 Stocks To Watch" from last week had an average return of almost 3%.