2020-08-28 15:30:00
S&P 500 UP ANEW
REUTERS - AUGUST 28, 2020 - The S&P 500 futures rose for a seventh straight day on Friday as the prospect of super low interest rates for a prolonged period spurred risk appetite, with focus shifting to monthly personal consumption data for signs of an economic rebound.
The Federal Reserve on Thursday unveiled a plan to support inflation and restore the economy to full employment, adding to optimism from medical progress to tackle the COVID-19 pandemic.
In the previous session, the Dow briefly turned positive on the year, while the S&P 500 closed at a record level even as the U.S. economy struggles to recover from the biggest downturn since the Great Depression.
Data due at 8:30 a.m. ET is likely to show personal consumption ticked up in July even as income fell.
The S&P 500 and the Nasdaq are on track for their fifth consecutive week of gains, but the Dow is still about 3.6% from its February all-time high.
In further proof that technology companies are booming in the pandemic, business software provider Workday Inc (WDAY.O) jumped 11.2% in premarket trading after raising its annual subscription forecast.
Dell Technologies Inc (DELL.N) gained 4.5% after reporting quarterly profit that beat expectations as remote working and online learning boosted demand for its notebooks and software products.
At 6:20 a.m. ET, Dow e-minis 1YMcv1 were up 80 points, or 0.28%. S&P 500 e-minis EScv1 were up 5.25 points, or 0.15% and Nasdaq 100 e-minis NQcv1 were down 26.25 points, or 0.22%.
Cosmetics retailer Ulta Beauty Inc ULTA.N jumped 15.1% after posting quarterly profit ahead of market expectations.
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Earlier:
2020, August, 24, 12:40:00
GLOBAL SHARES UP ANEW
E-Mini futures for the S&P500 gained 0.4%. European markets were also set for a leg higher with futures for Euro Stoxx 50 up 0.65% while those for Germany’s DAX and London’s FTSE added 0.6% each.
2020, August, 21, 11:15:00
CHINA STOCKS UP
The blue-chip CSI300 index rose 0.9%, to 4,718.84, while the Shanghai Composite Index added 0.5% to 3,380.68.
2020, August, 20, 14:40:00
ECONOMIC UNCERTAINTY IS EXTREMELY HIGH
the uncertainty related to the economic effects of the pandemic was extremely elevated
2020, August, 19, 12:30:00
S&P 500 UP
The Dow Jones Industrial Average fell 66.84 points, or 0.24%, to 27,778.07, the S&P 500 gained 7.79 points, or 0.23%, to 3,389.78 and the Nasdaq Composite added 81.12 points, or 0.73%, to 11,210.84.
2020, August, 11, 14:00:00
GLOBAL SHARES UP
A pan-European share index rose almost 1% , with auto shares leading the way after a surge in Chinese car sales and futures tipped a stronger Wall Street ESc1 open.
