S&P Midcap E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +1.62%, the Dow Jones Industrials Index ($DOWI) closed up +1.54%, and the Nasdaq 100 Index ($IUXX) closed up +1.46%.
U.S. stock indexes on Tuesday moved higher throughout the day, with the S&P 500 and Nasdaq 100 posting 2-week highs and the Dow Jones Industrials Index climbing to a new all-time high. Stocks rallied on reduced U.S. political uncertainty with the start of the regular presidential transition. Stocks also saw support from the outlook for additional pandemic stimulus after Monday's news that President-Elect Biden will nominate Janet Yellen for Treasury Secretary. Stocks maintained their gains Tuesday despite mixed U.S. economic data.
Stocks on Tuesday pushed higher on reduced U.S. political uncertainty after the General Services Administration late Monday acknowledged Joe Biden as the apparent winner of the presidential election, which will allow a normal transition process between the Trump and... Read more