E-Mini S&P 500 Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +1.01%, the Dow Jones Industrials Index ($DOWI) closed up +0.66%, and the Nasdaq 100 Index ($IUXX) closed up +1.55%.
U.S. stock indexes rallied Tuesday on strength in technology stocks. A +2.8% jump in Apple on Tuesday led technology stocks higher after the Nikkei newspaper reported that Apple asked its iPhone suppliers to increase their output by 10% in the first half of this year. The markets will watch Apple's quarterly earnings results after the close of trading Tuesday for forecasts of future iPhone demand and production.
Stocks also received a boost Tuesday on hopes that China's aggressive action will curb the spread of the deadly China coronavirus. China on Tuesday announced travel restrictions to Hong Kong and said it will close some border checkpoints and restrict flights and train services from mainland China. Updated figures show 4,515 confirmed cases of the China coronavirus with 106 deaths.
Tuesday's U.S... Read more