Dow Jones New York Stock Exchange
The Dow Jones index rose by more than 200 points, partially offsetting the 600 points it lost yesterday. Investors were reacting to a new stimulus package passed by the senate yesterday, some positive corporate earnings, and slightly higher oil prices.
Dow Jones
As the new week starts the DAX index and Dow Jones traders’ mood remains upbeat, as the growth rate of new coronavirus cases dropped further over the weekend, and the world is getting ready to open for business. The China PMI on Thursday will give us an idea of what lies ahead in western countries, while the ECB could boost risk-sentiment further if they announce that they will buy junk bonds at their Thursday Rate meeting. The Federal Reserve is also hosting a rate meeting, but the expectations are low. The ISM report, and US Q1 GDP report will also be published, but the reports are bound to be soft, as the US is still under lockdown. On Thursday the focus will also shift to Crude oil prices, as the weekly EIA report is published...
Dow Jones futures
The Dow Jones futures are trading higher, adding 0.98% at 23,889 while the Fear and Greed is giving up two points at 38. Investors attention will be on the corporate earnings and the FOMC meeting later on the week.
The Dow Jones index rose by more than 500 points after some positive news from Gilead. The company said that a study of its remdesivr drug showed some signs that it could treat coronavirus. The study was done by the National Institute of Allergy and Infectious Diseases. The index ignored the disastrous Q1 GDP data.
Dow Jones
The Dow Jones index declined by more than 1% as the market reacted to a series of negative data. The US and China are likely headed towards a disastrous trade war among a pandemic. Meanwhile, the US economy is crumbling, and the earning season has been disappointing. Against this backdrop, a former analyst at Goldman Sachs is warning investors that the stock market could drop by more than 40% this year.
Dow Jones
The Dow Jones futures trading higher for the third consecutive day as the sentiment has improved as the economic activity in the USA and Europe returns gradually to normality