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Futures show significantly lowering Wall Street opening

Investors are closely observing the move of Joe Biden in the US presidential election to the White House and what the White House is doing. Coronavirus Vaccine front.

Numerous economic news will affect market trends on Wednesday. Early clues from the US Futures Index suggest that Wall Street could open wide and low.

Asian stocks have finished mixing, but European stocks are declining.

As of 7:50 EST, Dow futures fell 72.00 points, S & P 500 futures fell 5.75 points and Nasdaq 100 futures rose 27.25 points.

All major US averages ended with a strong rise on Tuesday. The Dow ended up with 454.64 points (1.54%) at 30,045.91, surpassing the coveted 30,000 Mark for the first time. The S & P 500 rose 57.84 points (1.62%) to settle at 3,635.43, a record high. Meanwhile, the Nasdaq rose 156.15 points (1.31%) to finish at 12,036.79.

Economically, the October Department of Commerce durable goods order will be issued at 8:30 EST. Consensus was up 0.9%, up 1.9% last month.

Gross domestic product or GDP for the third quarter will be published at 8:30 EST. The consensus was 33.1% growth, up 33.1% in the previous quarter.

The Census Bureau’s October International Commodity Trade will be released at 8:30 AM Eastern Standard Time. The consensus was a deficit of $ 80.8 billion and a deficit of $ 79.4 billion in September.

This week’s Ministry of Labor unemployment claim will be issued at 8:30 EST. The consensus was 730K, down from 742K last week.

Corporate profits for the third quarter are expected at 8:30 EST.

The US Department of Housing and Urban Development’s October new home sales will be announced at 10 am Eastern Standard Time. The consensus is 975K, up from 959K last month.

The Department of Commerce’s personal income and expenses for October will be announced at 10 am Eastern Standard Time. The consensus is up 0.1%, up 0.9% last month.

This week’s Energy Information Agency or EIA Oil Status Report will be published at 10:30 EST. Last week, crude oil inventories increased by 800,000 barrels and gasoline inventories increased by 2.6 million barrels.

Asian stocks closed mixed on Wednesday. China’s stock prices have fallen for the second straight day. The benchmark Shanghai Composite Index fell 40.50 points (1.2%) to 3,362.33, and the Hang Seng Index in Hong Kong rose 54.76 points (0.2%) to 26,642.96.

Japanese stocks again hit a high for the first time in years. The Nikkei Stock Average rose 131.27 points (0.5%) to close at 26,296.86, the highest since May 9, 1991. The wider Topix rose 5.27 points (0.3%) to 1,767.67.

Australian equities rose for the third straight day, reflecting the rise in energy stocks and banks. The benchmark S & P / ASX 200 index rose 39.20 points (0.6%) to close at 6,683.30, while the broader All Ordinaries Index rose 32.70 points (0.5%) to 6,888.20.

European stocks are almost down. Among the major indices in the region, France’s CAC 40 index is down 159.54 points, or 3.37 percent. Germany’s DAX is down 13.00 points or 0.10 percent, and the UK’s FTSE 100 index is down 36.76 points or 0.57 percent.

The Swiss market index adds 18.58 points or 0.18 percent.

The Eurostocks 50 Index, which summarizes the 50 best stocks in the entire euro area, has fallen 0.061%.

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Futures show significantly lowering Wall Street opening

Source link Futures show significantly lowering Wall Street opening

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