On Monday, a strong dose of positive earnings reports and economic data that showed the U.S. economy is growing pushed the S&P 500 up 0.3%. U.S. futures were lower on Tuesday.
The lack of trading in China and Japan and mixed results in New York "left the region content to sit in wait-and-see mode with Covid-19 nerves regionally, offsetting the bullishness of the Wall Street reopening gnomes," Jeffrey Halley of Oanda said in a commentary. More than half of the companies in the S&P 500 have reported their results so far this earnings season, which show profit growth of 54% so far, according to FactSet.
On the economic front, a report on U.S. manufacturing activity in April came in below economists' expectations, but still was strong for the month. The Institute for Supply Management's manufacturing index came in at 60.7 for April, compared with the 65.0 reading that was expected. However that figure is still well above the 50-point mark that indicates expanding manufacturing activity.
please retweet. Mauritania is facing acute humanitarian needs, including high levels of food insecurity (over 25 per cent of the population in severe food insecurity in most of the provinces) and very high rates of acute malnutrition. UN
SOSColombia The government is killing us