
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
On Tuesday, American equities were braced for pushing further into record territory, with futures ascending cautiously because market participants eagerly waited for the Fed gathering to kick off.
Stocks for the Dow Jones Industrial Average YMZ7 rallied by 14 points hitting 22,313, and those for the S&P 500 index ESZ7 tacked on 1.05 points being worth 2,503.75. Additionally, futures for the Nasdaq-100 Index NQZ7 gained 2.25 points trading at 5,989.
The subtle moves arose after the Dow average DJIA demonstrated its 40th record close of 2017on Monday, and the S&P 500 index SPX concluded at an all-time maximum for the 35th time this year. As for the Nasdaq Composite Index COMP, it inched up too, concluding Monday at its second-highest outcome ever.
The Fed is believed to announce it’s on the verge of cutting its $4.5 trillion portfolio of government securities when it issues its policy update on Wednesday.
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
On Saturday, the US Food and Drug Administration approved Johnson&Johnson’s vaccine for emergency use against Covid-19. Will JNJ rise?
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.
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