What Awaits Dow Jones Industrial Average 2 Minute (INDEXDJX:DJI), S&P 500 (INDEXSP:INX) And NASDAQ Composite (INDEXNASDAQ:IXIC) After Wednesday’s Carnage?

What Awaits Dow Jones Industrial Average 2 Minute (INDEXDJX:DJI), S&P 500 (INDEXSP:INX) And NASDAQ Composite (INDEXNASDAQ:IXIC) After Wednesday’s Carnage?

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After Wednesday’s bloodshed of Dow Jones Industrial Average 2 Minute (INDEXDJX:DJI), S&P 500 (INDEXSP:INX) and NASDAQ Composite (INDEXNASDAQ:IXIC), the questions that haunt every investor is whether the market will rebound in the immediate term. Though the futures might point out a positive opening, sustaining the positive throughout the day and upcoming period remains important for investors to stay invested.

Now that the corporate earnings are nearing an end, investors cannot expect much from that side to stimulate fresh interest in the stock markets. The next possible driving force could be the key economic data and the Federal Reserve meeting, which could throw some lights on the country’s economic conditions.

As far as economic data, there is nothing much to be expected to drive investors sentiments up. On Thursday, natural gas inventories for the week ended May 13 will be released. Similarly, initial claims for the same week ended period will be announced. While inventories could provide directions to the energy sector only, nothing much could be read from the initial or continuous claims.

The key job data could be available only after two weeks, which meant that investors cannot expect anything from this in the near-term. Similarly, the Fed is not likely to meet again this month and could meet only next month. Therefore, any inputs from the Central Bank cannot be expected at least for a month now. Looking from different angles, there is nothing to guide the stock markets to drive higher in the near-term.

As a result, investors would try to shy away from the stock market for a while until better pictures emerge and focus on the bullion market. Oil market is not doing well and the price is struggling to hold steady in the wake of continuous growth in drilling numbers in the United States hurting the commodity price to move higher. That would mean that the stock markets would be trading range bound in the near-term without sufficient strength to go higher.

Since election of Donald Trump as the President, Dow Jones Industrial Average 2 Minute (INDEXDJX:DJI), S&P 500 (INDEXSP:INX) and NASDAQ Composite (INDEXNASDAQ:IXIC) suffered the worst on Wednesday. The three indices have lost 1.78 percent, 1.82 percent and 2.57 percent respectively on Wednesday. This is a complete reversal of faith on the Trump administration compared to what it was four months ago.