Stock futures rise slightly as earnings season continues

Must read


US stock futures traded slightly higher early Wednesday morning, as investors paused to assess the latest news on the economic outlook. The Dow Jones Industrial Average and S&P 500 futures were both up 0.3%, while Nasdaq 100 futures rose 0.4%. The moves came after the Dow and S&P 500 both closed at record highs on Tuesday. Investors have been encouraged by signs of a stronger-than-expected economic recovery and expectations for additional fiscal stimulus. However, worries remain over the potential for rising inflation and the potential for additional restrictions to contain the spread of the coronavirus. On Tuesday, the Labor Department reported that the Consumer Price Index rose 0.6% in May, the largest increase since August 2012. The Federal Reserve is expected to keep its current accommodative monetary policy in place, and the central bank is likely to reiterate its commitment to do whatever it takes to support the economy. Meanwhile, investors will also be focused on the latest corporate earnings reports and any new developments in the healthcare sector. All in all, the market is expected to remain volatile as investors weigh the risks and opportunities in the current environment.



Source link

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article