We have geopolitical tensions to add to a plate of investor concern filled with COVID-19 concerns. However, US stocks point to a rally for Tuesday, after a slow start to the week. Our call of the day from Nordea’s chief macro strategist, Sebastien Galy, says it’s time to be more …
Read More »Dow futures rise 100 points as big banks kick off the earnings season
Stock index futures were aiming for a higher start on Tuesday when investors began to digest the second quarter results of a trio of big banks, kicking off the corporate earnings reporting season. What are the main indexes doing? Futures in the Dow Jones Industrial Average YM00, + 0.61% They …
Read More »Dow futures rise more than 200 points as investors prepare for the start of the earnings season
Stock index futures were aiming for a higher start on Monday as investors prepare for a tough earnings season and applaud the news that the Food and Drug Administration granted “fast track” status to a couple of candidates for vaccines produced by Pfizer Inc. and the German biotech firm BoNTech …
Read More »Stocks are resilient because investors have braced themselves for much worse COVID-19 news, says strategist
What will stand in the way of market gains? Clearly, it’s not bad news about COVID-19, as investors try to see the silver lining in these uncertain times. Take this chart that shows how Arizona cases have started to flatten, by Pantheon Macroeconomics, which expects that state to respond earlier …
Read More »Dow futures are up 400 points to start the week, led by a surge in China markets
US stock index futures rose sharply early Monday to begin the first full week of trading in July, with investors linking at least part of the uptrend emanating from Wall Street to a powerful rebound in China. However, Monday’s optimism in the market contrasts with a continued rise in coronavirus …
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