Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.73%, the Dow Jones Industrials Index ($DOWI) is up +0.80%, and the Nasdaq 100 Index ($IUXX) is up +1.33%.
U.S. stock indexes this morning are moderately higher with the S&P 500 at a 5-1/4 month high, the Dow Jones Industrials at a 1-week high, and the Nasdaq 100 at a new all-time high. A rally in technology stocks today is boosting the overall market, along with better-than-expected global manufacturing data. Stocks also have support on reports that President Trump may act on his own to boost stimulus if Congress remains deadlocked on a stimulus bill.
Global equity markets are moving higher today as stronger-than-expected manufacturing activity bodes well for the world economy and stock prices. Today's July U.S. ISM manufacturing index rose +1.6 to 54.2, stronger than expectations of +1.0 to 53.6, and the fastest pace of expansion in 16 months. Also, the Eurozone July Markit manufacturing PMI was revised upward to a 1-3/4... Read more