S&P Midcap E-Mini Dec '20 (EWZ20)
S&P Midcap E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.37%, the Dow Jones Industrials Index ($DOWI) is down -0.14%, and the Nasdaq 100 Index ($IUXX) is down -0.76%.
U.S stock indexes this morning are moderately lower. Losses in technology stocks are leading the overall market lower today. Stocks were also under pressure today on carry-over weakness from a fall in China's Shanghai Composite to a 3-week low. Strong Q4 company earnings results are limiting losses in stocks.
A decline in China's Shanghai Composite to a 3-week low today is weighing on U.S. stock indexes. Chinese stocks tumbled today after Guo Shuqing, China's top banking regulator, said he's "very worried" about risks from bubbles in global financial markets. Guo said bubbles in U.S. and European markets could burst because their rallies are heading in the opposite direction of their underlying economies and will have to face corrections "sooner or later," undercutting U.S. stock indexes.
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