GameStop is back! It has already surged by 14% in pre-trade hours.
American stock futures stand still
On Tuesday, American stock index futures were quite muted, just a day after the S&P 500 as well as Nasdaq set intraday peaks, with traders going through the latest pack of earnings and also dismal data from China.
On Monday, the S&P 500 topped its intraday maximum of 2,940.91 reached on September 21, soaring to a session peak of 2,949.52. For the year, the benchmark index has rallied by 17.4%.
Expectations for a resolution to the US-China trade conflict, positive earnings along with a dovish Federal Reserve have driven the leap in shares in 2019, from an abrupt sell-off in late 2018.
Market participants will also pay much attention to another rounds of US-China trade talks. American Treasury Secretary Steven Mnuchin told that he hopes to make decent progress with Chinese negotiators.
Additionally, American futures as well as global stocks were under pressure after official and also private business polls suggested slower Chinese factory surge this month, thus confounding expectations for a steady outcome or even faster expansion.
ET, Dow e-minis jumped by 0.06%. Additionally, S&P 500 e-minis slumped by 0.01%, while Nasdaq 100 e-minis decreased by 0.1%.
Moreover, with earnings in full swing, experts expect gains at S&P 500 businesses to dive by 0.2% in the first quarter, which appears to be a steep improvement from a 2% decrease estimated at the beginning of April.
Among the high-growth FAANG shares, Alphabet headed south by 7.8% in pre-market trading right after the company reported its slowest gain leap for three years.
Apple Inc stocks went down 0.6%, ahead of outcomes later in the day.
Besides this, General Electric headed north by 6.6%.
On Wednesday, Russia’s department of communications control Roskomnadzor slowed down Twitter’s speed. What does it mean for the stock?
Why do we like Tesla so much? Here is why - check the article.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.