Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Tuesday closed up +1.34%, the Dow Jones Industrials Index ($DOWI) closed up +2.13%, and the Nasdaq 100 Index ($IUXX) closed up +0.82%.
U.S. stock indexes on Tuesday settled higher with the Dow Jones Industrials at a 1-month high. Strong earnings results on Tuesday from JPMorgan Chase provided some hopes for Q2 earnings season, which begins this week. JPMorgan rose +0.5% after it reported Q2 revenue of +$7.34 billion, better than consensus of +$5.74 billion.
Comments on Tuesday from Fed Governor Brainard suggest she favors additional Fed stimulus and were bullish stocks when she said, "a thick fog of uncertainty still surrounds us, and downside risks predominate." Looking ahead, it likely will be appropriate to shift the focus of monetary policy from stabilization to accommodation by supporting a full recovery in employment and a sustained return of inflation to its 2% objective."
Coronavirus concerns are still a negative factor for st... Read more