S&P 500 Micro Futures Market News and Commentary
Dec S&P 500 futures this morning are up sharply by +1.22%. U.S. stock index futures this morning are showing continued volatility by rebounding from Tuesday’s sharp losses. Strength in energy stocks is lifting the overall market, with the price of crude oil climbing by more than +4%. Also, airline stocks are moving higher in pre-market trading as they recover from Tuesday’s sharp losses. Stock futures maintained their gains on this morning’s bullish Nov ADP employment report.
Today’s U.S. economic data was bullish for stocks after the Nov ADP employment change rose +534,000, showing a stronger labor market than expectations of +525,000.
The Euro Stoxx 50 index today is up sharply by +2.10%. European stocks today recovered some of Tuesday’s losses on strength in travel, mining, and auto stocks. Stocks are gaining despite today’s negative news that the Eurozone Nov Markit manufacturing PMI was revised downward by -0.2 to 58.4 from 58.6. Also, G... Read more