Stock Market Today: Dow, S&P Live Updates for June 26, 2020

European stocks rose as the Netherlands promised new support for airlines and the German infection rate decreased. US stock futures fell, while the dollar stabilized.

Trading volumes were light at the end of a hot summer week in Europe. Air France-KLM rose after securing a bailout from the Dutch government. Copper was on track for a sixth weekly advance, with prices approaching $ 6,000 per ton. Treasury bills rose with the yen.

US equity futures pointed to a drop in openings after the country recorded the biggest jump in coronavirus cases, raising further concern that policymakers will have to reverse plans to reopen after lockout.

S&P 500 tests 200-day moving average as virus worries whipsaws market

Registering virus cases in the United States challenges the efforts of states to control

The Fed “is going to support this market in one way or another,” said Sandy Villere, portfolio manager at Villere & Co., on Bloomberg TV. Still, “I think there will be a few more falls to come. It’s amazing, the market doesn’t care about fundamentals or earnings right now, they only care about the pandemic and the pandemic. ”

Speaking on Friday, European Central Bank President Christine Lagarde said that the recovery from the coronavirus pandemic will be “restricted” and will change parts of the economy permanently. While the worst of the crisis may have passed, it will take time for the “phenomenal” jump in savings to lead to more investment and spending, she said.

Oil was trading near $ 40 a barrel as Russia slashed exports of its flagship Urals crude to the lowest in at least 10 years. Gold was close to $ 1,760 an ounce, heading for a third weekly advance, the longest winning race since January.

Sean Darby, chief global equity strategist at Jefferies, talks about the outlook for the markets amid the Covid-19 pandemic.

Here are some key events to come:

  • On Friday the Russell indices should be rebalanced.

These are some of the main movements in the markets:


  • S&P 500 Index futures fell 0.3% at 9:58 am London time.
  • The Stoxx Europe 600 Index increased 0.9%.
  • The MSCI Asia Pacific Index gained 0.6%.
  • The MSCI Emerging Market Index was up 0.1%.


  • The Bloomberg Dollar Spot Index increased 0.1%.
  • The euro increased 0.1% to $ 1.1228.
  • The British pound decreased 0.1% to $ 1.2405.
  • The yuan onshore weakened 0.3% to 7,078 per dollar.
  • The Japanese yen strengthened 0.2% to 106.96 per dollar.


  • The yield on 10-year Treasury bonds sank two basis points to 0.67%.
  • The yield on two-year Treasuries fell less than one basis point to 0.18%.
  • Germany’s 10-year yield decreased less than one basis point to -0.47%.
  • Britain’s 10-year yield advanced one basis point to 0.159%.
  • Japan’s 10-year yield fell less than one basis point to 0.012%.

Basic products

  • West Texas Intermediate Crude Gained 0.3%
  • Brent crude oil gained 0.5% at $ 41.24 per barrel.
  • Gold changed little to $ 1,764.13 an ounce.

– With the assistance of Joanna Ossinger and Adam Haigh