Nasdaq 100 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) on Monday closed up +1.59%, the Dow Jones Industrials Index ($DOWI) closed up +1.78%, and the Nasdaq 100 Index ($IUXX) closed up +2.54%.
U.S. stock indexes on Monday rallied sharply with the S&P 500 at a 3-1/2 week high, the Dow Jones Industrials at a 2-week high, and the Nasdaq 100 at a new all-time high. Stocks rallied Monday on optimism the Chinese government will pursue pro-growth policies, which will benefit the global economy. U.S. stock indexes added to their gains Monday on positive ISM U.S. economic data.
A surge of +5.7% in China's Shanghai Composite to a 17-month high Monday sparked a rally in global equity markets. Chinese stocks rallied on bullish enthusiasm after China's state-run Securities Times posted a front-page editorial that said fostering a "healthy" bull market after the pandemic is now more important to the economy than ever.
U.S. economic data on Monday was bullish for stocks after the June ISM non-manufacturing... Read more