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Home / Business / The future of flat stocks in overnight trading as Wall Street marks its seventh day of gains

The future of flat stocks in overnight trading as Wall Street marks its seventh day of gains



US core capital gains in the US trade changed slightly on Monday as Wall Street earnings days pushed the S&P 500 within a record high.

The Dow Jones industrial average plunged about 10 points. The future S&P 500 and Nasdaq 100 were also flat.

The 30-share Dow gained about 350 points in regular trading on Monday, posting its seventh positive session in a row – its longest winning belt since September 2019. The S&P 500 gained 0.2%, just 0.9% below the record its high in February. Meanwhile, the Nasdaq underperformed by a loss of 0.4% as investors were spun off by some of the top pilots.

“Markets are waiting for better days ahead,”

; Jeff Buchbinder, capital strategist at LPL Financial, said in a note. “Although the timing is uncertain, the stock market is expressing confidence that the pandemic will eventually end with one vaccine – or multiple vaccines – and with the help of better treatments within the temporary.”

Investors were still caught up in the uncertain fate of further coronavirus stimulation, which aims to support Americans fighting the pandemic.

Treasury Secretary Steven Mnuchin said Monday the White House is open to resuming coronavirus aid talks with Democrats and putting more relief money on the table to reach a compromise.

Senate Majority Leader Mitch McConnell said Monday in a tweet that he hoped lawmakers would finalize the bill this week and that he is happy that President Donald Trump “took steps to soften the blow to their pledge tactics.”

Over the weekend, Trump signed four executive orders to extend some coronavirus assistance, including unemployment benefits, a payroll tax holiday, postponing student loan payments until 2020, and extending federal defenses.

“Given the limited scope of the deal and the positive market reaction, equity investors continue to harbor the likelihood of a larger deal,” Mark Hackett, chief investment officer, said in a note Monday.

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