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Home / Business / The stock index futures mark higher after Dow, S&P 500 snap 7-day winner

The stock index futures mark higher after Dow, S&P 500 snap 7-day winner



The futures of the stock index showed on Wednesday, with US equity capital on track to resume an upward trend a day after Industrial Average Dow Jones and the S&P 500 halted a seven-session victory.

What do key indexes do?

Arrivals on the Dow Jones YM00 industrial average,
+ 1.06%
rose 256 points, or 0.9%, to 27,871, while the S&P 500 futures ES00,
+ 0.76%
gained 23.85 points, or 0.7%, at 3.353.75. Future Nasdaq-1

00 NQ00,
+ 0.64%
rose 87.50 points, or 0.5%, to 10,964.75.

Dow Jones industrial average DJIA,
-0.37%
on Tuesday ended with a loss of 104.53 points or 0.4%, with 27,686.91. The blue chip meter was more than 300 points in his senior session. S&P 500 SPX,
-0.79%
finished 26.78 points lower, loss of 0.8%, at 3,333.69. Nasdaq Heavy-Duty Composite Complex,
-1.69%
decreased 185.53 points, or 1.7%, closing at 10,782.82.

Are you running the market at all?

Shares were on track to resume a higher pressure seen S&P 500 near closing throughout February 19, regaining lost ground in late February and March in a pandemic-inspired sale that saw the criterion of estimate fell about 34%. A slowdown in the number of new COVID-19 cases in the US and optimism about efforts to produce a vaccine have been cited as drivers for recent benefits.

read:Why the S&P 500 is knocking on the door of the first record closed in 6 months

“The news flow was very smooth with no progress in Washington on stimulus talks and few economic concessions elsewhere, but markets remained in a positive mood for betting on the fact that the worst of the slowdown caused by COVID was behind us and that the economy would return strongly at the end of the year, “said Boris Schlossberg, managing director of FX strategy at BK Asset Management, in a note.

Senate Majority Leader Mitch McConnell, R-Ky, reiterated on Tuesday that talks on a new coronavirus aid package remained stalled. Analysts said concerns remain about the legal challenges to and effectiveness of executive orders signed by President Donald Trump over the weekend aimed at extending some of the elements of spending measures that ended in late July.

A shift in high-tech stocks and growth towards left-wing cyclical stocks and values ​​seems to be breathing.

On the economic front, the consumer price index in July will come at 8:30 East. Economists surveyed by MarketWatch expect a 0.4% increase in the index, while the core measure, which removes volatile food and energy costs, is projected to grow by 0.2%.

Which companies are in focus?
  • Shares of electric vehicle manufacturer Tesla Inc.
    TSLA,
    -3.11%
    were more than 6% in the prefabricated trade after its board approved a five-to-one division of the company shares.

  • Moderna Inc.
    mRNA,
    -4.22%
    shares jumped more than 11% in preliminary actions after the drugmaker late Tuesday said it had reached an agreement to sell 100 million doses of its COVID-19 probe vaccine to the U.S. government for more than $ 1.5 billion.

How are other markets being traded?

In Asian trade, China CSI 3003 index 000300,
-0.72%
fell 0.7%, while Hong Kong’s Hang Seng HSI Index,
+ 1.42%
closed 1.4% higher and Japan Nikkei 225 NIK Index,
+ 0.41%
with height 0.4%.

In Europe, the pan-European Stoxx 600 Europe SXXP Index,
+ 0.56%
led 0.4% higher and FTSE 100 UKX,
+ 0.75%
lasted a 1.7% rally from last session, rising to 1.2% on Wednesday.

Yield in the 10-year Treasury note TMUBMUSD10Y,
0.687%
rose 1.9 basis points to 0.676% after rising 8.4 basis points on Tuesday as investors avoided safe housing assets. Bond mites move in reverse order of yields.

GC00 ari,
-0.05%
retreated for a second session on Wednesday, with December futures falling 0.7% to trade at $ 1,933.10 an ounce. Crude oil prices rose, with the Future of America CL.1,
+ 2.09%
advancing 1.6% to settle at $ 42.27 a barrel.

The green return was virtually unchanged, with the ICE DXY Index of the US Dollar,
-0.24%,
a dish gauge against half a dozen large rivals, at 93,624.


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