S&P 500 Cons Staples Sep '19 (BLU19)
S&P 500 Cons Staples Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.56%, the Dow Jones Industrials Index ($DOWI) is down -0.25%, and the Nasdaq 100 Index ($IUXX) is down -1.60%.
U.S. stock indexes this morning are moving lower. Global growth concerns are weighing on stocks after China June retail sales unexpectedly declined. Also, today's U.S. jobless claims data points to a slowing labor market rebound. Stocks recovered from their worst levels after Morgan Stanley rallied on its record Q2 earnings report.
Negative carry-over from today's -4.5% plunge in China's Shanghai Composite index to a 1-1/2 week low is weighing on global stocks. Chinese stocks retreated on concern that a slump in Chinese consumer spending will thwart its recovery and undercut global growth after China's June retail sales unexpectedly fell -1.8% y/y, weaker than expectations of +0.5% y/y.
Concern that the resurgence of U.S. coronavirus infections will lead to more lockdowns that curb economic growth is also... Read more
- Market Insights
Dollar, Soybeans, Metals
- The Nemenoff Report 07/16/2020
Financials: Sept. Bonds. Are currently (5:00am) at 179’31 up 0’8, 10 Yr. Notes up 0’1 at 139’12 and 5Yr.Notes unchanged at 125’24. Yields are...
- Retail Sales in June Better Than Expected
Retail sales in June were up 7.5% when a gain of 5.2% was anticipated.
- Why I See the Current Weakness in S&P 500 As Deceptive
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- S&P500 Thursday forecast, July 16
An uptrend will start as soon, as the pair rises above resistance level 3202.5, which will be followed by moving up to resistance level 3217 - 3231
- The Taxman Cometh
Yesterday the markets advanced as suggested. Will we see the same today or will the markets reverse course? Read on to learn more...