Gary Caltubum, president of Caltubum Capital Management, Phil Blancato, CEO of Ladenberg Thalmann Asset Management, and Catherine Rooney, chief strategist at Bultik Capital Markets, give insights into today’s markets.
US equity futures Trades lower, indicating that sales will continue from the previous session.
Key futures indices are down 0.2% as the trading session begins on Wall Street on Thursday.
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A couple of potential market-moves Economic reports Is on tap.
The number of claims is expected to be stated by the labor department Unemployment benefits Last week it dropped to 840,000, down 20,000 from the previous week’s 860,000 and the lowest reading since March 14, exactly Corona virus Lockdown.
The Census Bureau expects new home sales to fall ally% percent from July to August, with a seasonally adjusted annual rate of 5,000,000,000. This is much stronger than the expected reading of 901,000 in July, the highest since December 2006.
Between the disruption of the presidential election and the battle over the Supreme Court seat vacated by the death of Justice Ruth Bader Ginsberg, U.S. Market players are feeling less optimistic that the Federal Reserve and Congress will help the U.S. economy.
P.P.P. Round 2, does a lot to support small business, calling chair powder
In Asia, Japan’s benchmark Nikkei 225 is down 1.1%, Hong Kong’s Hang Seng is down 1.8% and China’s Shanghai Composite is down 1.7%.
In Europe, London’s FTSE fell 0.7%, Germany’s DX fell 0.4% and France’s CAC fell 0.6%.
Wall Street experienced more whiplash on Wednesday as the stock closed at a broadly lower level, destroying gains from the previous day. The S&P 500 fell 2.4% to 3,236.92, beating its previous gain. Extensive selling gained momentum in the afternoon, although technology stocks suffered the most.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | Dow Jones average | 26763.13 | -525.05 | -1.92% |
| SP500 | S&P 500 | 3236.92 | -78.65 | -2.37% |
| I: Comp | Nasdaq Composite Index | 10632.985307 | -330.65 | -3.02% |
The Dow Jones Industrial Average lost 1.9% to 26,763.13. Nasdaq composite slide 3% to 10,632.99.
Johnson & Johnson’s rose 0.2% Began a huge final study To try to prove if a single dose COVID-19 vaccine can protect against coronavirus
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The benchmark US crude in energy trading fell 12 cents to. 39.80 a barrel in electronic trading on the New York Mercantile Exchange. International standard, Brent crude with a decline of 8 cents. 41.70.
The Associated Press contributes to this story.