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Stock index futures remain almost unchanged after the Nasdaq closes the record

US stock index futures remained largely unchanged during Tuesday night trading after the S & P 500 closed ahead of a new record.

Futures contracts related to the Dow Jones Industrial Average rose 28 points. S & P 500 futures were flat, but Nasdaq 100 futures were up 0.07%.

All three major averages finished Tuesday session On the green, in the strength of the tech sector, we reversed the losses from the first half of the session.

The S & P 500 rose 0.5% and closed just 0.2% from its all-time high. The Dow rose 163 points after falling more than 120 points early in the session. The Nasdaq Composite was relatively outperforming, hitting a daytime high and setting a new record with a 0.8% increase in the session.

Federal Reserve Board Chairman Jerome Powell testified in the House of Representatives on Tuesday, with inflationary pressures temporary..

“Powell outlined how inflation overshoots from categories directly affected by the reopening,” said Ed Moya, senior market analyst at Oanda. “He said there was very strong demand and the supply was captured by flat feet.”

Released with prepared remarks Monday eveningThe central bank governor reiterated that the economy is growing, although the pandemic threat still exists.

The June S & P 500 and Nasdaq Composite Index were green, up 1% and 3.6%, respectively. However, the Dow is in the red this month due to the weaknesses of Caterpillar and JP Morgan.

Going forward, UBS said it maintains a “positive tactical view of equities,” but its profits will be unevenly distributed.

“We see potential in regional markets that lag behind in the second quarter, especially in China and Japan, as well as in the companies and sectors most exposed to economic resumption, such as energy, finance and US SMEs.” Said the company. I wrote in a recent note to the client. UBS said investors need to benefit from some of the year-to-date winners who may be upwardly restricted, such as real estate, consumer discretion, and industry names.

Bitcoin posted another Volatile session On Tuesday, cryptocurrencies fell below $ 30,000 at some point, erasing 2021 profits. However, according to Coin Metrics data, Bitcoin eventually regained all losses of over 11% and ended the session in the positive territory.

Although the earnings season is almost over, Winnebago is set to report quarterly results before Wednesday’s opening bell, and KBHome will post the results when the market closes.

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Stock index futures remain almost unchanged after the Nasdaq closes the record

Source link Stock index futures remain almost unchanged after the Nasdaq closes the record

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