Carnival’s Unusually Active $27 Put Signals a Bearish Bet — Here’s How to Trade It

Heading into the final trading day of July, it looks as though we may finish the week with the S&P 500 in positive territory. Up 0.4% through the first four days, the index's futures pre-market on Friday were trading higher thanks to a big gain from Amazon after it reported strong quarterly results.

In yesterday’s trading, the index gained back all of its losses on the week and then some with a 1.66 gain on the day, driven by investor appetite for AI and chip stocks. Whether momentum continues today could depend on the University of Michigan Consumer Sentiment Index. The July figure is expected to be revised lower from the preliminary figure of 54.4 to the final figure of 53.9. That would be up from June but down from a year ago.