Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Dow gains strength for higher start as investors brace for Powell hearing
On Tuesday, American stock futures pointed to a small soar at the start, putting the key indexes on track to break into record territory.
Market participants are awaiting a flurry of Fed speeches as well as economic releases, including comments before lawmakers from Jerome Powell, Donald Trump’s pick to head the US major financial institution.
S&P 500 futures ESZ7 rallied 0.1% trading at 2,604.50, Dow Jones Industrial Average futures YMZ7 edged up 0.2% hitting 23,604. Nasdaq-100 futures NQZ7 managed to grow 0.1% reaching 6,418.50.
On Monday, the S&P 500 SPX as well as Nasdaq Composite COMP both concluded a bit lower. Meanwhile, the Dow DJIA tacked on because every gauge was within striking distance of an all-time closing maximum hit the previous week.
Equities in Amazon.com Inc gained 0.6%. Wells Fargo & Co.’s stock WFC headed south 0.2%.
European stocks generally ascended, while Asian markets showed mixed performance.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
Australian Quarterly Private Capital Expenditure will be announced at 02:30 MT time on Thursday.
CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.