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Dow futures climb nearly 200 points to kick off August trade

Dow futures climb nearly 200 points to kick off August trade

8/2/2021 12:12:00 PM

Dow futures climb nearly 200 points to kick off August trade

U.S. stock futures advanced on Monday, as investors eyed progress on an infrastructure bill, merger activity and a sign that central bank stimulus may continue.

Last week, the major stock market indexes dropped, with the S&P 500 SPX, -0.54% losing 0.4% and Nasdaq Composite COMP, -0.71% dropping 1.1%, after the megacap tech companies reported quarterly results.What’s driving markets“The stars have aligned for stock markets, with a stellar earnings season being complemented by record-low real yields and hopes that Congress will deliver more fiscal juice soon,” said Marios Hadjikyriacos, senior investment analyst at XM. U.S senators over the weekend concluded the text of a $1 trillion infrastructure bill.

Pfizer says COVID-19 vaccine safe, effective for kids ages 5 to 11 Pfizer says COVID-19 vaccine works in kids ages 5 to 11 Pfizer says its Covid vaccine is safe and effective for children ages 5 to 11

In a speech delivered Friday night, Fed Gov. Lael Brainard suggested that the central bank won’t announce a tapering of its bond purchase program at the Jackson Hole gathering at the end of the month. “I expect to be more confident in assessing the rate of progress once we have data in hand for September, when consumption, school, and work patterns should be settling into a post pandemic normal,” she said.

The September jobs data won’t come until Oct. 8, according to the Labor Department’s calendar of releases, and the next Federal Open Market Committee meeting after that will end Nov. 3.The next jobs report, covering July, is scheduled for release on Friday. The Institute for Supply Management manufacturing report is due at 10 a.m. Eastern. headtopics.com

There were some deals announced, notably Square SQ, -3.14% buying Australian-listed buy-now pay-later company Afterpay APT, +18.77% AFTPY, -6.06% for $29 billion in an all-stock deal.Parker Hannifin PH, +0.87% said it’s buying U.K. engineering company Meggitt MGGT, +56.30% MEGGY, +1.08% for $9 billion in cash, a 71% premium to Friday’s close.

Other marketsChinese SHCOMP, +1.97% and Hong Kong HSI, +1.06% stocks rose on Monday, and Chinese tech giant Alibaba BABA, -1.19% is due to report results on Tuesday, with its U.S.-listed shares having dropped 39% from its October peak. Read more: MarketWatch »

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Still ranging Keep pumping. Let the manipulated stock market more higher. It will crash more easily soon. I thought market will crash if JoeBiden is elected? The former guy is total fraud

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Dow futures rise more than 100 points ahead of the first trading day of AugustThe major averages managed to notch their sixth month of gains in July. DogecoinToTheMoon 이웃에게 악을 행하지 마십시요 TheLatterAnointing AMCtothemoon

Second COVID Vaccine Safe After Allergic Reaction to FirstResearchers followed nearly 200 people with immediate allergic reactions to an initial COVID-19 mRNA vaccination to see how they fared with a second dose. Tell this to those who are pushing daisies. Lol Really ?