Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Monday closed up +7.03%, the Dow Jones Industrials Index ($DOWI) closed up +7.73%, and the Nasdaq 100 Index ($IUXX) closed up +7.35%.
U.S. stock indexes on Monday rallied sharply to 3-week highs on hopes that the coronavirus pandemic may be peaking after reported death tolls in some of the world's coronavirus hotspots showed signs of easing. Italy and Spain reported the fewest deaths in more than two weeks on Sunday and France and Germany reported the lowest number of deaths from the virus in days. Also, the number of deaths in New York on Saturday of 594 fell from 630 on Friday. Confirmed cases of the coronavirus have risen above 1,325,000 globally with deaths exceeding 73,000.
Stocks added to their gains Monday afternoon after the Fed took steps to help speed the flow of funds to small companies. The Fed said it will establish a facility to facilitate lending to small businesses via the $349 billion Payment Protection Program (PPP) by prov... Read more