S&P 500 Index Futures Market News and Commentary
The S&P 500 Index ($SPX) on Monday closed up +1.61%, the Dow Jones Industrials Index ($DOWI) closed up +1.51%, and the Nasdaq 100 Index ($IUXX) closed up +1.91%.
U.S. stock indexes on Monday rallied to 1-week highs and settled sharply higher. Optimism in the global economy gave stocks a boost on Monday. Chinese economic data from Saturday showed China Aug industrial profits rose +19.1% y/y to 613 billion yuan, the fourth consecutive monthly increase.
European stocks on Monday rallied sharply today with the Euro Stoxx 50 up +2.75% to a 1-week high on hopes the EU and UK can resolve their Brexit differences after UK Cabinet Office Minister Gove said that his meeting Monday with European Commission Vice President Sefcovic was "constructive," and that he is "confident" the EU and UK will reach an agreement on Northern Ireland.
Monday's U.S. economic data was bullish for stocks. The U.S. Sep Dallas Fed manufacturing activity index rose +5.6 to a 1-3/4 year high of 13... Read more