Russell 2000 E-Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) this morning is up by +0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is upn +0.10%.
U.S. stocks this morning are moderately higher. A rally in bank stocks today is lifting the overall market after JPMorgan CEO Dimon said that “storm clouds” over the U.S. economy may dissipate.
Signs of increased M&A activity are also positive for the overall market after Bloomberg News reported that Broadcom is in talks to acquire VMware. In addition, stocks are moving higher today on the prospects of easing global trade tensions after President Biden said he would reconsider the tariffs on Chinese imports imposed by the Trump administration.
A slump of more than -8% in Autodesk today is limiting gains in the Nasdaq 100 after Deutsche Bank cut its recommendation on the stock. Concern that the pandemic in China may be spreading is negative for stocks as an incr... Read more