US stock futures headed higher Tuesday hours before the opening bubble on Wall Street, a day after US markets pulled back with losses in the financial, industrial and healthcare sectors leading the downturn, offsetting gains from technology stocks and companies that rely on consumer spending.
Ticker | Safety | Last | Change | Change% |
---|---|---|---|---|
I: DJI | DOW JONES AVERAGE | 29861.55 | -184.82 | -0.62% |
SP500 | S&P 500 | 3647.49 | -15.97 | -0.44% |
I: COMP | NASDAQ COMPOSITE INDEX | 12440.040048 | +62.17 | + 0.50% |
The S&P 500 extended its slump from past months of earnings, falling 0.4% to 3,647.49 Monday, after climbing 0.9% earlier in the session. It was the fourth consecutive setback, the first time since September.
Government bond yields tended to be higher, a sign of optimism in the economy. On Tuesday, however, the yield on the 10-year Treasury fell from 0.90% at the end of Monday to 0.89%.
$ 300 BILLION IN M&A ARE EXCLUDED BY BLANK-CHECK DEALS
The Dow Jones Industrial Average fell 0.6% to 29,861.55. The Nasdaq rose 0.5% to 12,440.04. Smaller companies held up better than their bigger rivals as the Russell 2000 index rose 2.16 points or 0.1% to 1,913.86.
Americans received the country’s first vaccinations against COVID-19 on Monday, a process expected to take months.
Health workers and nursing home residents will be first in line for the admissions, and the hope is that a wider rollout next year will help curb the pandemic and return the economy to normal after this year’s devastation.
Rising coronavirus numbers are slowing the momentum of the economy, as seen in a worse-than-expected unemployment report last week. The increasing deaths are pushing governments to restore various restrictions on businesses. They also drive potential customers away from companies.
Efforts to give another round of financial support to the US economy have stalled due to bitter bias. Top Washington negotiators continued to push for a long-delayed deal on COVID-19 relief on Monday, but ordinary Democrats seemed increasingly resigned to for now having to forgo a reduced demand for tax relief for states and local governments whose budgets were driven by the pandemic. have fallen out of balance.
CORONAVIRUS VACCINE, CONGRESSIONAL GRIDLOCK TO HERALD STOCK MARKET ‘NIRVANA’
“Again, it feels like we’re stuck in the negative feedback loop,” Axi’s Stephen Innes said in a comment. it seems virus-related economic constraints will never cease to weigh in as the market (continues to) straddle that fence between hope and reality. “
Even without another round of stimulus, investors are facing a robust environment that will meet next year’s low inflation and ultra-low interest rates.
Meanwhile, Asian stocks sank on Tuesday after a lackluster day on Wall Street as investors wait to see if Congress can break a deadlock on providing more aid to people, businesses and local governments affected by the coronavirus pandemic.
The Japanese benchmark Nikkei 225 index fell after Prime Minister Yoshihide Suga announced a suspension of a travel promotion program that helped businesses, but is believed to have also contributed to a resurgence of coronavirus outbreaks.
CLICK HERE TO READ MORE ABOUT FOX COMPANY
The program was suspended from December 28 to January. 11, actually the entire rush hour of the New Year, when most families go on vacation or return to their hometown. The Go To Travel program and another called Go To Eat primarily offered hefty discounts on hotel rooms and meals, and helped cushion the blow of the loss of nearly all incoming foreign tourism due to pandemic-related controls and concerns.
Also Tuesday, the Chinese government released a series of monthly statistics showing that retail sales, industrial production and investment in factory equipment and other fixed assets rose as expected in November. However, the Shanghai Composite Index fell 0.2% to 3,367.23.
Other regional benchmarks also tracked Wall Street’s pullout. Hong Kong’s Hang Seng lost 0.7% to 26,220.41 and Tokyo’s Nikkei 225 dropped 0.3% to 26,687.84. South Korea’s Kospi lost 0.2% to 2,756.82, while Australia’s S & P / ASX 200 lost 0.4% to 6,631.30.
In Europe, hopes have risen that progress will be made on a possible deal on the terms of the UK’s exit from the European Union.
EU chief negotiator Michel Barnier said on Monday that he believes a trade deal is possible after nine months of negotiations, now that the remaining disputes have been reduced to just two. However, both sides are still teetering on the brink of a no-deal exit. They have committed to one final push leading up to January 1, when a transition period following Britain’s departure from the bloc on January 31 will come to an end.
In other trades, the benchmark US crude lost 11 cents to $ 46.88 a barrel in electronic trading on the New York Mercantile Exchange. It won 42 cents to $ 46.99 a barrel on Monday.
Brent crude, the international standard, quoted 15 cents to $ 50.14 a barrel.
The US dollar fell from 104.06 yen to 104.05 Japanese yen at the end of Monday. The euro weakened from $ 1.2145 to $ 1.2144.
___
AP Business Writers Stan Choe, Alex Veiga, and Damian J. Troise contributed.
Real fantastic info can be found on weblog. Travel blog
I like this weblog it’s a master piece! Glad
I observed this on google.!
hello there and thank you for your information – I have
certainly picked up something new from right here. I did however expertise several
technical points using this website, as I experienced to reload the site
a lot of times previous to I could get it to load properly.
I had been wondering if your web hosting is OK?
Not that I am complaining, but slow loading instances times will often affect your placement in google and could damage your quality score
if advertising and marketing with Adwords. Anyway
I am adding this RSS to my email and could look out for a lot more of your respective exciting content.
Ensure that you update this again soon.. Escape roomy
lista