. Investors are trying to gauge whether the surge in coronavirus cases in South and West will derail the market's comeback and the nascent economic recovery. was on track for an almost 16.8% quarterly advance, which would be the best quarter since Q4 1998.
The Dow was pacing for a nearly 1% increase in June, which would be the third straight positive month. However, year to date, the Dow was still down 10% as of Monday's close. the S&P/Case-Shiller's April report on home prices showed a better-than-expected 4.7% increase. The Chicago purchasing managers index for June is issued at 9:45 a.m. ET. The Conference Board's June consumer confidence Index is released at 10 a.m. ET.
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Dow soars 580 points as optimistic home-sales data overshadows virus spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Time to claw back some of the losses from last week...... hopefully yrn_myres
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S. stock futures sink after Friday's 700-point slide by the DowU.S. stock index futures fell late Sunday, after the Dow sank more than 700 points Friday. Dow Jones Industrial Average futures undefined were down around... -150 points in the DOW isn’t sinking! It’s probably going to gap up 300 points in the morning. Again... futures are irrelevant in this market... Last week we saw majorly red futures and had a 700pt gain... two weeks ago we saw a 1000pt futures and it almost went red... Totally irrelevant, stop trying to push a fake narrative Don’t worry, Fed is there to pump you up!
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases. Could be a big day Whatever they say will be interpreted positively. I see no scenario where this is not another green day and these two crooks are praised effusively. Investors have become a bunch of welfare queens.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow Industrials Climb 2% to Start the WeekThe Dow industrials climbed more than 500 points as investors weighed the rise in coronavirus infections with the likelihood of future lockdowns and the continuation of easy monetary policy. Crony Crapitalism and our media is completely silent because they are paid by the 1% to sell their souls. When you put it that way it seems more like speculating than investing. Of course it did
Source: WSJ - 🏆 98. / 63 Read more »
S&P, Dow futures edge higher on stimulus, rebound hopesFutures tracking the S&P 500 and the Dow Jones indexes edged higher on Monday following a selloff on Wall Street last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases. Lol. Well, we'll just ignore 1.48 million new unemployed and a raging pandemic on the off-chance the Republicans won't say ... 'But the deficit. We cannot just hand people money or they'll never go back to work to die for our economy' LOL
Source: Reuters - 🏆 2. / 97 Read more »
Dow futures on rise to kick off holiday-shortened week even as global coronavirus cases top 10 millionU.S. stock-index futures on Monday point to a slightly higher open even as data over the weekend highlighted the persistence of coronavirus in hot spots,...
Source: MarketWatch - 🏆 3. / 97 Read more »