Following the strong rise seen last week, stocks could see continued strength in early Monday trading.Major index futures are currently showing higher open market, The Dow futures are up 140 points.
The market may continue to benefit from the recent upward momentum that has pushed the Nasdaq and S & P 500 to record highs.
Deceleration of spread Coronavirus Vaccine deployment efforts in different parts of the world can lead to continued purchase motivation.
Traders are also optimistic about the global outlook Economy And the possibility of additional US fiscal stimulus.
Democrats have taken the first step to pass President Joe Biden’s $ 1.9 trillion bailout package without Republican support, but continue to support the bipartisan approach.
Nonetheless, after Sunday’s Super Bowl, some traders could stay away from their desks, and trading activity could be somewhat curtailed as quiet days continue at the forefront of the U.S. economy. There is sex.
Stock prices almost rose during Friday’s trading, expanding the upward trend seen in the last few sessions. With continued progress, the Nasdaq and S & P 500 once again hit record highs.
All major averages ended the day reasonably high. The Dow rose 92.38 points (0.3%) to 31,148.24, the Nasdaq rose 78.55 points (0.6%) to 13,856.30, and the S & P500 rose 15.09 points (0.4%) to 3,886.83.
Following the plunge seen last week, all major averages have risen sharply for this week. The Dow soared 3.9%, the S & P 500 soared 4.6%, and the Nasdaq soared 6%.
In foreign trading, Monday’s trading almost boosted the Asia-Pacific stock market. Japan’s Nikkei 225 Index rose 2.1% and China’s Shanghai Composite Index rose 1%.
On that day, major European markets also started to rise. Germany’s DAX index rose 0.5%, France’s CAC 40 index rose 1%, and the UK’s FTSE 100 index rose 1.1%.
In commodity trading, crude oil futures rose from $ 0.71 to $ 57.56 after rising $ 0.62 to $ 56.85 last Friday. Meanwhile, gold futures have moved from $ 14.10 to $ 1,827.10 per ounce after jumping from $ 21.80 to $ 1,813 per ounce in the previous session.
On the currency side, the US dollar is trading at 105.52 yen, compared to 105.39 yen acquired at the end of the New York Stock Exchange on Friday. The dollar is trading at $ 1.2035 against the euro, compared to $ 1.2046 last Friday.
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U.S. stocks are likely to rise further in early trading
Source link U.S. stocks are likely to rise further in early trading