Futures climb as economic recovery hopes outweigh Sino-U.S. tensions

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

U.S. stock index futures advanced on Wednesday as hopes of an economic recovery eclipsed worries over simmering tensions between the United States and China.

Unprecedented monetary and fiscal stimulus, the easing of lockdowns and optimism about an eventual COVID-19 vaccine have powered a rally, helping the S&P 500The benchmark index, however, closed just short of 3,000 points, a key psychological level, after President Donald Trump said the United States would announce before the end of the week its response to China’s planned national security legislation for Hong Kong.

At 6:07 a.m. ET, S&P 500 e-minis EScv1 were up 1.22% at 3030.5. Dow e-minis 1YMcv1 were up 354 points, or 1.42% and Nasdaq 100 e-minis NQcv1 were up 86.5 points, or 0.92%.Travel-related stocks, which were among the worst hit in the sell-off earlier this year, continued to outperform. United Airlines Holdings Inc (

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wrong, it's the end of the month and 40 million Americans are still out of work, can't pay rent or mortgages and the fed is printing Wall St into an oblivion that will never be paid back, get it ? NEVER PAID BACK, the house of cards

The stock exchange facial expressions that go along with big days will never be the same. 😢

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan shares reach 10-week high, look past Sino-U.S. tensionAsian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy.
Source: Reuters - 🏆 2. / 97 Read more »

Global Stocks Rise, Buoyed by Reopening HopesU.S. futures advanced, suggesting markets could gain when they resume trading Tuesday after the long holiday weekend. Misspelled “trader optimism “ Я верю в лучшее
Source: WSJ - 🏆 98. / 63 Read more »

European stocks open higher on recovery hopes as TUI surges over 30%European stocks opened higher on Tuesday on economic recovery hopes. The FTSE 100 undefined rallied 1.9% after a three-day break in the U.K., while the...
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500 rises on economic recovery and vaccine hopes, pulls back from highsU.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points. Much to the dismay of TheDemocrats. vacine hopes until 4.000 Short positions being covered
Source: Reuters - 🏆 2. / 97 Read more »

Banks, automakers drive European stocks higher, EU recovery plan awaitedEuropean shares edged higher on Wednesday as investors focused on a fresh EU stimulus plan , but renewed U.S.-China tensions over Hong Kong tempered optimism about a global economic recovery.
Source: Reuters - 🏆 2. / 97 Read more »