U.S. stock-index futures hovered near the flatline on Monday, with the S&P 500 index hanging around record territory but finding few reasons to trade higher amid a Congressional stalemate over fresh stimulus to help Americans and businesses hurt by the coronavirus pandemic.
On Friday, the Dow DJIA, +0.12% gained 1.8% for the week, the S&P 500 SPX, -0.01% booked a weekly advance of 0.6%. Friday’s gain turned the Nasdaq Composite Index COMP, -0.21% barely positive for the week, up 0.1%. “The S&P 500 is failing to breakout of its all-time high. Traders do believe that if the price continues to consolidate here, it is likely that the sentiment may become bearish,” wrote Naeem Aslam, chief market analyst at AvaTrade,” in a daily research note.
Investors are doubtful that a V-shaped recovery can be achieved without new support for those out of work but the market’s tepid climb also suggests that bets are being made that an agreement will be achieved eventually.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. 1,150 Americans died of Covid-19 yesterday. wow i guess all you have to do is have 170,000 people die and close most businesses and the dow will soar ?
Source: Reuters - 🏆 2. / 97 Read more »
Two of the most-hated stocks on Wall Street could be best recovery plays, traders sayShort traders are throwing cold water on hopes of a bump-free return to normalcy with consumer and travel stocks among those with the highest short interest. Two traders see opportunity in some of these unloved stocks. TradingNation Njah! Riding with Electrolux here. TradingNation Let's Walmart
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street is going back to entertaining clients in social-distancing era - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunitiesYour weekend brief: Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunities Trading wouldn't be something I'm interested in. More mega-deals 😉 I haven't good any feedback on the potential 5g deal yet. Larry Fink said 7% I believe.
Source: CNBC - 🏆 12. / 72 Read more »
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing. 1,150 Americans died of Covid-19 yesterday. wow i guess all you have to do is have 170,000 people die and close most businesses and the dow will soar ?
Source: Reuters - 🏆 2. / 97 Read more »