Jason Katz, managing director of UBS, talks about what is on the minds of investors.
US equity futures The Wall Street session points to a higher open when the session begins on Wednesday.
A 0.5 per cent increase in Dow futures is being suggested.
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On Tuesday, the S&P 500 strengthened 1.1% amid concerns that the four-day losing streak would end. Nationwide epidemicC and how governments are responding to it.
Head of Federal Reserve, Jerome Powell, Pressing Congress For more help to support Recovery of the economy, Citing concerns about the delayed impact of the epidemic.
On the economic docket, research firm IHS Markets will release its Flash Manufacturing and Service PMI for September. Manufacturing is expected to remain stable from August, pulling services back a bit. Note that readings above 50 indicate an expanding area:
Power and Machin Voice OP optimism also behind more financial support
In Asia, Tokyo’s Nikkei 225 fell 0.1%, reopening after a four-day week, while Hong Kong’s Hang Seng rose 0.2% and China’s Shanghai Composite Index rose 0.2%.
In Europe, London’s FTSE rose 1.5%, Germany’s DAX rose 1.4% and France’s CAC rose 1.6%.
On Wall Street, the S&P 500 rose 1.1% to 3,315.57, leading to tangible gains in tech communications and communications stocks and companies relying on consumer spending. Banks, healthcare and energy stocks closed lower.
Between the government’s response to the epidemic and the government’s response, the gains made a day after the stock plunged helped the market recover some of its losses.
| Ticker | Security | The last | Change | Change% |
|---|---|---|---|---|
| Me: DJI | Dow Jones average | 27288.18 | +140.48 | + 0.52% |
| SP500 | S&P 500 | 3315.57 | +34.51 | + 1.05% |
| I: Comp | Nasdaq Composite Index | 10963.636953 | +184.84 | + 1.71% |
The Dow Jones Industrial Average rose 0.5% to 27,288.18. The Nasdaq Composite rose 1.7% to 10,963.64.
Shares have become too costly to address Congress’s refusal to deliver more aid to a struggling economy, and a long list of worries for investors has led to a massive shift in the market.
Federal Reserve chair Forced Congress to act During a hearing Tuesday in the House of Representatives, the House of Representatives said additional aid to the economy appears to be improving, but more government stimulus is needed. Additional weekly unemployment benefits and other stimulus that Congress recognized in March have ended, and as a result some sectors of the economy have already slowed.
Other concerns for investors include rising tensions between the United States and China. Tech companies, as well as the upcoming U.S. Elections and tax policy and all the changes in the rules they have made can lead to change.
Traders also bid on shares of homebuilders after the National Association of Realtors Realty said the previously seized U.S. Home sales in August ૨ since. since% was at the next highest level. Levels in early 2020.
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U.S. The benchmark crude rose 10 cents to ન્યૂ 39.70 a barrel in electronic trading on the New York Mercantile Exchange. It rose 26 cents to 39.80 barrels per barrel on Tuesday. Brent crude was unchanged at 61.69 per barrel.
The Associated Press contributes to this article.
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