E-Mini S&P 500 Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +1.89%, the Dow Jones Industrials Index ($DOWI) is up +2.39%, and the Nasdaq 100 Index ($IUXX) is up +0.84%.
U.S. stock indexes this morning have extended Monday's rally with the S&P 500 and Dow Jones Industrials at 3-1/2 week highs and the Nasdaq 100 at a 4-week high. Global stock markets are moving higher today on hopes that the pandemic in hotspots may be slowing. Italy, France and Germany today announced lower numbers of new coronavirus cases, and China reported no new deaths for the first time since the pandemic emerged, although Spain did report an uptick in deaths. Confirmed cases of the coronavirus have risen above 1,370,000 globally with deaths exceeding 76,000.
Comments today from White House adviser Kudlow were bullish for stocks when he said credit markets look much better today than two weeks ago and that "the president would like to reopen the economy as soon as he can, and we are planning internally."
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