Silver Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is up +1.62%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.61%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.48%.
U.S. stock indexes are moving moderately higher today on optimism about the economic outlook and on relief that yesterday’s FOMC results are out of the way. Mostly positive quarterly earnings results today are pushing stocks higher, along with better-than-expected U.S. economic data.
The Euro Stoxx 50 index is up by +0.88% and provides carry-over support to U.S. stocks. A rally in bank stocks is leading European stocks higher today after Deutsche Bank AG raised its outlook. European stocks also found some support on an improvement in German consumer confidence after the German Feb GfK consumer confidence unexpectedly rose +0.2 to -6.7, stronger than expectations of -8.0.
Today’s U.S. economic data was mixed for stocks. On the positive side, U.S. weekly initial un... Read more