Dow Futures Mini Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.16%.
Stock indexes this morning are mixed, with the S&P 500 and Dow Jones Industrials at 2-week highs. The broader market is moderately higher today on optimism that Chinese growth will pick up after China eased some pandemic restrictions. Airlines and travel stocks are moving higher after China cut in half the time that new arrivals must spend in quarantine. Stocks also found support in comments from New York Fed President Williams, who said the U.S. economy is strong and a recession is not in his base case.
U.S. stock indexes have carry-over support from a rally in China’s Shanghai Composite to a 3-1/2 month high today. The action by China to cut its mandatory quarantine period to 10 days from three weeks for inbound travelers should boost economic activity and ease supply-... Read more