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S&P, Dow futures ease on J&J vaccine worries; bank, tech stocks shine

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Futures tied to the Dow and the S&P 500 dipped on Tuesday as investors waited for more information from Johnson & Johnson after it paused its COVID-19 vaccine trials, although upbeat quarterly reports from some of the big U.S. banks capped losses.

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri

A rally in technology heavyweights and hopes of more U.S. fiscal stimulus led Wall Street’s main indexes higher on Monday, putting the benchmark S&P 500 and the tech-heavy Nasdaq within striking distance of their record highs hit in September. Bank stocks, on the other hand, have widely underperformed the broader market in 2020 and analysts expect the sector’s earnings to take years to make a full recovery as interest rates remain near record lows.

 

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Bank and tech stocks shine ,I guess so after Trump and fed dumped trillions on them does like for average American except cause inflation at grocery store, on workers worsening budget crunch under con man trump

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