S&P 500 Industrial Dec '19 (JGZ19)
S&P 500 Industrial Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.20%, the Dow Jones Industrials Index ($DOWI) is down -0.03%, and the Nasdaq 100 Index ($IUXX) is up +0.10%.
U.S. stock indexes are mixed this morning with the Nasdaq 100 Index posting a new all-time high. Strength in technology stocks is boosting the Nasdaq while concern about the spread of the deadly Chinese coronavirus is weighing on the overall market.
Technology stocks are higher this morning, led by a +7% jump in Intel to a 19-year high, when Intel after Thursday's close issued guidance for 2020 adjusted EPS of $5.00, better than consensus of $4.69.
Concern about China's coronavirus is undercutting stocks after a second U.S. patient was confirmed today to have been infected from the virus. Concerns remain high that the spreading coronavirus will undercut global growth despite the actions that China has taken to contain the virus. China has now reported that the death toll has risen to 25 from the virus, which... Read more
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