Russell 2000 E-Mini Futures Market News and Commentary
The S&P 500 Index ($SPX) this morning is down -0.10%, the Dow Jones Industrials Index ($DOWI) is up +0.05%, and the Nasdaq 100 Index ($IUXX) is down -0.15%.
U.S. stock indexes this morning are mixed. Stock indexes initially opened higher this morning on strength in technology stocks. Apple is up +1.6% today at a new all-time high to lead technology stocks higher when it reported after Tuesday's close Q1 revenue of $91.8 billion, stronger than expectations of $88.4 billion and Q2 sales guidance of $63-$67 billion, above the consensus of $62.3 billion.
Concern about the spread of the deadly China coronavirus is weighing on stock prices as updated figures now show 5,974 confirmed cases of the virus that has spread to 15 countries and caused 132 deaths.
Stocks fell back from their best levels this morning after today's data showed U.S. Dec pending home sales unexpectedly fell -4.9% m/m, weaker than expectations of +0.5% m/m and the biggest decline in 9-1/2 years. Al... Read more