Shah Gilani, chief investment strategist at Money Map Press, Ray Wang, founder of Constellation Research, and Lee Munson of Portfolio Wealth Advisors offer information on investments, markets and technology stocks.
US stock futures are trading higher ahead of Tuesday’s session on Wall Street.
The major futures indices suggest a 0.7 percent increase.
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Stocks have risen due to optimism about a coronavirus vaccine as more economies reopen.
Scientists at Oxford University reported that their experimental coronavirus vaccine elicited a protective immune response in hundreds of people who received the vaccine in an early trial.
Other projects are underway. A vaccine in development by colleagues at Dr. Anthony Fauci, the nation’s leading infectious disease expert at the National Institutes of Health and Modern Inc., will begin its final testing around July 27. The study of 30,000 people is intended to test whether the vaccines are strong enough to protect against the coronavirus.
European Union leaders agreed on an unprecedented budget of 1.82 trillion euros (2.1 trillion dollars) and a coronavirus recovery fund early Tuesday morning, somehow found the unit after four days and so many nights of struggle and disputes over money and power in one of its longest summits.
EU NATIONS CLINCH $ 2.1T BUDGET, VIRUS SUPPORT OFFER AFTER 4 DAYS
European markets are trading higher. London’s FTSE is adding 0.7 percent, Germany’s DAX is 1.9 percent higher and France’s CAC is gaining 1.3 percent.
In Asian markets, Japan’s Nikkei benchmark index rose 0.7 percent, Hong Kong’s Hang Seng rose 2.3 percent, and China’s Shanghai Composite added 0.2 percent.
US stocks and tech and communications companies that rely on consumer spending traded higher on Monday.
The S&P 500 gained 0.8 percent, the Dow Jones Industrial Average, which fell most of the day, rose just 0.1 percent more, and the Nasdaq had its best day since the end of April, rising 2, 5 percent.
| Heart | Security | Latest | Change | Change% |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 26680.87 | +8.92 | + 0.03% |
| SP500 | S&P 500 | 3251.84 | +27.11 | + 0.84% |
| I: COMP | NASDAQ COMPOSITE INDEX | 10767.092145 | +263.90 | + 2.51% |
Wall Street comes in its third consecutive weekly increase after improvements in hiring, retail sales, and other parts of the economy, along with rising hopes for a COVID-19 vaccine.
This week will bring earnings reports from major American companies like Coca-Cola and Microsoft.
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The benchmark US oil price added $ 1.04 to $ 41.85 a barrel in e-commerce on the New York Mercantile Exchange. It gained 22 cents at $ 40.81 a barrel on Monday. Brent crude, the international standard, rose $ 1.19 to $ 44.45 per barrel.
Associated Press contributed to this article.
