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S&P 500 futures hit record high on stimulus bets

S&P 500 futures hit record high on stimulus bets

11/8/2020 1:48:00 PM

S&P 500 futures hit record high on stimulus bets

Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering U.S.-China tensions to bet on a stimulus-led ...

BusinessFutures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering U.S.-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

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11 Aug 2020 06:31PMShare this contentBookmarkREUTERS: Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering U.S.-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.At the current levels, the benchmark index is set to open about 12 points below its Feb. 19 record peak of 3,393.52.

AdvertisementAdvertisementA rally in technology and tech-related companies including Amazon.com , Netflix Inc and Apple Inc that thrived during the shutdowns helped the Nasdaq reclaim its all-time high in June, while the blue-chip Dow remains about 6per cent below its peak. headtopics.com

Market participants are now eager to see an agreement on the fifth federal aid bill to support about 30 million unemployed Americans as the battle with the health crisis was far from over with U.S. cases surpassing 5 million last week.The S&P 500 closed less than 1per cent below its record high on Monday as investors extended a rotation into value stocks from heavyweight tech-related names.

At 6:11 a.m. ET, S&P 500 e-minis were up 23.25 points, or 0.69per cent, topping an all-time high of 3,372.25 points last hit on Feb. 20.AdvertisementAdvertisementDow e-minis were up 278 points, or 1per cent and Nasdaq 100 e-minis were up 64 points, or 0.58per cent.

(Reporting by Medha Singh, Amabr Warrick and Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur) Read more: CNA »

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S&P 500 ends up slightly, tech-related shares underperform valueThe S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growth-linked sectors ...

S&P 500 ends up slightly, tech-related shares underperform valueNEW YORK (REUTERS) - The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower on Monday (Aug 10) as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a US fiscal support Bill.. Read more at straitstimes.com.

S&P 500 end up slightly, tech-related shares underperform valueThe S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growth-linked sectors ...

Wall Street mixed with stimulus in focus; Dow hits over five-month highThe S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growth-linked sectors ...

S&P 500 ends up slightly, tech-related shares underperform valueNEW YORK (REUTERS) - The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower on Monday (Aug 10) as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a US fiscal support Bill.. Read more at straitstimes.com.

S&P 500 ends up slightly, tech-related shares underperform valueThe S&P 500 and the Nasdaq fell on Monday as investors rotated out of heavyweight technology stocks and moved into lagging growth-linked sectors ...