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Equity futures flat after the best days since March for S & P 500 and Nasdaq

The trader is working on the floor of the New York Stock Exchange (NYSE) on December 3, 2021.

Brendan MacDermid | Reuters

US stock futures were stable on Tuesday night trading, but stocks continued to rise from the sale of Omicron.

Dow futures have risen 20 points. S & P 500 futures rose 0.1% and Nasdaq 100 futures rose 0.12%.

on Tuesday, The S & P 500 and Nasdaq Composite Index set the highest day since March. The Dow Jones Industrial Average is Apple, Salesforce When American Express.. The S & P 500 also rose, up 2.1%. The technology-focused Nasdaq Composite was an outstanding performer after earning over 3%.

All 11 sectors on Tuesday were positive, driven by Tech, which rose 3.5%.

This week’s stocks recovered from last week’s market plunge, fearing a variant of Omicroncovid and the possibility of a faster-than-expected taper in the Federal Reserve’s bond purchase program.

Technology stocks are leading the way, with Nasdaq up 4% from Monday. The Dow and S & P 500 recorded the largest two-day rise since November 2020.

JPMorgan Chief Global Market Strategist Marko Kolanovic Investors said on Tuesday that the stock price rebound was credible..

“There was a clear overreaction when Omicron’s news hit the tape on Thanksgiving night,” said Koranovich, an institutional hall of fame strategist at CNBC.Half-time report“Tuesday. The market sold out rapidly due to unreliable news, and now it’s basically recovering,” he added.

This week’s rise has brought the key averages back within the surprising distance of their record highs. The Dow is 2.3% from that record, and the S & P 500 and Nasdaq are 1.2% and 3.2% from record highs, respectively.

On Wednesday, the Bureau of Labor Statistics will announce an October job offer and turnover survey. Economists polled by Dow Jones estimate that there will be 10.6 million job openings in October from 10.4 million in September.

Major S & P 500 companies report third-quarter earnings, Campbell soup, GameStop When Rent a runway Wednesday’s report.

Equity futures flat after the best days since March for S & P 500 and Nasdaq

Source link Equity futures flat after the best days since March for S & P 500 and Nasdaq

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