S&P 500 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +1.23%, the Dow Jones Industrials Index ($DOWI) closed up +2.17%, and the Nasdaq 100 Index ($IUXX) closed down -0.26%.
U.S. stock indexes on Tuesday settled mixed with the S&P 500 and Dow Jones Industrials at 2-1/2 month highs. Stocks moved higher on the outlook for a global economic recovery as countries ease their pandemic lockdown conditions.
Stocks came off of their best levels Tuesday afternoon after White House press secretary McEnamy said that President Trump is "displeased" with China's efforts to crack down on Hong Kong and that the administration is considering a range of sanctions on Chinese officials and businesses. Also, the Nasdaq 100 fell back from a 3-month high and closed lower after Facebook dropped -1.2% and Netflix tumbled -3.4%.
Japan's Nikkei stock index climbed to a 2-1/2 month high Tuesday, which was supportive for U.S. stock indexes after Japan ended its state of emergency everywhere in the c... Read more