Russell 2000 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is up +0.27%, the Dow Jones Industrials Index ($DOWI) is up +0.445%, and the Nasdaq 100 Index ($IUXX) is up +0.02%.
U.S. stock indexes this morning recovered from overnight losses and are moderately higher on a rally in cruise line operators and railroad stocks. Weakness in technology stocks in overnight trade initially weighed on the overall market, along with concern about tighter pandemic restrictions around the world that will curb economic growth after the World Health Organization (WHO) said Covid cases are rising in all regions of the world, except Europe.
A rally in cruise line operators today is leading the overall market higher after Goldman Sachs raised its recommendation for the sector to buy. Goldman said the combination of pent-up demand, a rapid vaccine rollout, “more constructive” capital markets, and growth in capacity is “creating a wide but positively skewed risk-reward” for the cruise industry.Norweg... Read more