S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +0.81%, the Dow Jones Industrials Index ($DOWI) closed up +0.38%, and the Nasdaq 100 Index ($IUXX) closed up +1.50%.
U.S stock indexes on Tuesday posted moderate gains. Comments on Tuesday from Treasury Secretary nominee Yellen gave stocks a boost when she said "further action is needed to avoid recession" and that "acting big" on stimulus is the smartest thing to do. Yellen's comments indicate she favors much of President-elect Biden's $1.9 trillion pandemic relief package.
Stocks extended their gains late Tuesday morning when Treasury Secretary nominee Yellen said that tax cuts would not be rolled back as President-elect Biden "does not want to raise taxes during the pandemic."
A more than +9% surge in General Motors to a record high on Tuesday lifted automakers and gave the overall market a boost after Microsoft joined General Motors in a $2 billion investment in GM's startup Cruise LLC that is... Read more