Stock futures rise as Wall Street wraps up its best August in more than 30 years

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

U.S. stock futures rose on Sunday night as traders were set to end the market's best August performance since the 1980s.

Dow Jones Industrial Average futures were up 60 points, or 0.2%. S&P 500 and Nasdaq 100 futures gained 0.1% each.

This month's gains have pushed the S&P 500 to record levels, officially confirming a new bull market has started. The Dow, meanwhile, erased its 2020 losses on Friday, closing the session with a year-to-date gain 0.4%. We "had hoped that the market would consolidate its gains since March 23, giving earnings a chance to rebound," said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note. "However, Fed officials continue to drive up stock prices by committing to keeping interest rates close to zero for a very long time … Consequently, they are fueling the meltup in stock prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

In an (futile) effort to overcome deflation

Investors know Trump will win in November

Stock exchange plus line:lan022789

The market must not believe those 75% of “top executives” that think Biden will win the election.

Simple, as Trump's ratings rise so does the market.

Portfolio looking good 🚀🚀🚀

Who's got the pin that's gonna pop this bubble? Wish I knew.

What? Futures are up? Weird

🤑

Mother f. Powell.

Infinite bull market. The idiots have taken over.

Dow is going to be shaken up and drop 0.8 points tomorrow with the stock split of $AAPL & $TSLA (BEWARE)!

🤑🤑🤑🤑 lets go!

$QQQ $SPY $DIA SP500 NASDAQ100 StockMarket DowJones Wallstreet NYSE TSX Dax30 FTSE100 CAC40 WSJ TheEconomist 🤣🌅

And... I talk about it in this here video. 👇

Smoke&Mirrors

This is incredible given the current state of affairs.

The run that started with The Fed in April has been amazing! Especially last week. That was fantastic! Now that Trump is moving up in the polls and betting odds, if that continues it will set the tone for a great September

I bought some SPY puts friday and forgot that apple just did a stock split... I hope the market dips tmr

This makes no sense!!!!

Trump2020

Cause we know that useless Biden dope won’t win!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street Week Ahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopesAs U.S. stocks hit record highs, some investors are betting the market’s future gains will be increasingly driven by some of its lesser-loved companies. Remember about September... Just Sayin'. All bubbles burst. Can someone explain to me how the stock market is surging when millions of people are out of work? I’m genuinely wondering. I keep hearing the stock market is not the economy. But do they not go hand in hand? I guess if you have money you can make money on the share market, even in a pandemic. A pandemic means sickness and it's spread to the share market.
Source: Reuters - 🏆 2. / 97 Read more »

Ackman sees more gains for his portfolio, urges stock ownership for all AmericansBillionaire hedge fund manager William Ackman touted the success of his funds on Friday, citing attractive valuations for his holdings and saying he has up to $7 billion to invest in a private company, while saying that opening stock ownership to all Americans is a key to political stability. This guy is a complete fraud. 6 months ago he was crying on TV and talking about the end of capitalism! Eff this guy So he’s wanting people to keep buying while he sells!
Source: Reuters - 🏆 2. / 97 Read more »