22 09 US PRE OPEN
The S&P 500 Futures are recovering from Monday decline
Share this:
The S&P 500 Futures are recovering from Monday decline when the Dow Jones Industrial Average once tumbled over 900 points before reducing its loss to 509 points (-1.84%) and closing at 27147. The S&P 500 sank 38 points (-1.16%) to 3281, while the Nasdaq 100 managed to close 43 points higher (+0.40%) at 10980. The market sell-off was triggered by growing concerns over further coronavirus-related shutdowns in Europe and uncertainty surrounding the U.S. election added to pressure on stocks.
Later today, the National Association of Realtors will release August existing home sales (6.01 million units expected). The Richmond Federal Reserve will post its Manufacturing Index for September (12 expected).
European indices are rebounding as the U.K government asked "If it is possible for people to work from home, then we’d encourage them to do so, adding: "No one underestimates the challenges the new measures will pose to many individuals and businesses (...) We know this won’t be easy, but we must take further action to control the resurgence in cases of the virus." Bank of England Governor Andrew Bailey said the central bank is considering cutting interest rates, while technical work on negative rates will need some more time.
Asian indices further extended Monday correction. Japan’s markets remain closed since last week as Tuesday was a bank holiday celebrating the Autumnal Equinox Day.
WTI Crude Oil futures are testing the $40 threshold as US API stock change will be released later today.
Gold still loses ground as US dollar consolidates after reaching a six-week high on tumbling stock markets.
Gold fell 7.66$ (-0.4%) to 1904.85 dollars while the dollar index declined 0.08pt to 93.575.
U.S. Equity Snapshot
Tesla (TSLA), the electric-vehicle maker, lost ground in extended trading after CEO Elon Musk tweeted regarding battery day that "what we announce will not reach serious high-volume production until 2022."
Comcast's (CMCSA) shares might be active after Trian Fund Management said it bought a stake in the media company.
AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the U.S., reported fourth quarter comparable sales up 21.8%, above estimates.
Later today, the National Association of Realtors will release August existing home sales (6.01 million units expected). The Richmond Federal Reserve will post its Manufacturing Index for September (12 expected).
European indices are rebounding as the U.K government asked "If it is possible for people to work from home, then we’d encourage them to do so, adding: "No one underestimates the challenges the new measures will pose to many individuals and businesses (...) We know this won’t be easy, but we must take further action to control the resurgence in cases of the virus." Bank of England Governor Andrew Bailey said the central bank is considering cutting interest rates, while technical work on negative rates will need some more time.
Asian indices further extended Monday correction. Japan’s markets remain closed since last week as Tuesday was a bank holiday celebrating the Autumnal Equinox Day.
WTI Crude Oil futures are testing the $40 threshold as US API stock change will be released later today.
Gold still loses ground as US dollar consolidates after reaching a six-week high on tumbling stock markets.
Gold fell 7.66$ (-0.4%) to 1904.85 dollars while the dollar index declined 0.08pt to 93.575.
U.S. Equity Snapshot
Tesla (TSLA), the electric-vehicle maker, lost ground in extended trading after CEO Elon Musk tweeted regarding battery day that "what we announce will not reach serious high-volume production until 2022."
Source: TradingView, GAIN Capital
Comcast's (CMCSA) shares might be active after Trian Fund Management said it bought a stake in the media company.
AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the U.S., reported fourth quarter comparable sales up 21.8%, above estimates.
The S&P 500 Futures are recovering from Monday decline when the Dow Jones Industrial Average once tumbled over 900 points before reducing its loss to 509 points (-1.84%) and closing at 27147. The S&P 500 sank 38 points (-1.16%) to 3281, while the Nasdaq 100 managed to close 43 points higher (+0.40%) at 10980. The market sell-off was triggered by growing concerns over further coronavirus-related shutdowns in Europe and uncertainty surrounding the U.S. election added to pressure on stocks.
Later today, the National Association of Realtors will release August existing home sales (6.01 million units expected). The Richmond Federal Reserve will post its Manufacturing Index for September (12 expected).
European indices are rebounding as the U.K government asked "If it is possible for people to work from home, then we’d encourage them to do so, adding: "No one underestimates the challenges the new measures will pose to many individuals and businesses (...) We know this won’t be easy, but we must take further action to control the resurgence in cases of the virus." Bank of England Governor Andrew Bailey said the central bank is considering cutting interest rates, while technical work on negative rates will need some more time.
Asian indices further extended Monday correction. Japan’s markets remain closed since last week as Tuesday was a bank holiday celebrating the Autumnal Equinox Day.
WTI Crude Oil futures are testing the $40 threshold as US API stock change will be released later today.
Gold still loses ground as US dollar consolidates after reaching a six-week high on tumbling stock markets.
Gold fell 7.66$ (-0.4%) to 1904.85 dollars while the dollar index declined 0.08pt to 93.575.
U.S. Equity Snapshot
Tesla (TSLA), the electric-vehicle maker, lost ground in extended trading after CEO Elon Musk tweeted regarding battery day that "what we announce will not reach serious high-volume production until 2022."
Comcast's (CMCSA) shares might be active after Trian Fund Management said it bought a stake in the media company.
AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the U.S., reported fourth quarter comparable sales up 21.8%, above estimates.
Later today, the National Association of Realtors will release August existing home sales (6.01 million units expected). The Richmond Federal Reserve will post its Manufacturing Index for September (12 expected).
European indices are rebounding as the U.K government asked "If it is possible for people to work from home, then we’d encourage them to do so, adding: "No one underestimates the challenges the new measures will pose to many individuals and businesses (...) We know this won’t be easy, but we must take further action to control the resurgence in cases of the virus." Bank of England Governor Andrew Bailey said the central bank is considering cutting interest rates, while technical work on negative rates will need some more time.
Asian indices further extended Monday correction. Japan’s markets remain closed since last week as Tuesday was a bank holiday celebrating the Autumnal Equinox Day.
WTI Crude Oil futures are testing the $40 threshold as US API stock change will be released later today.
Gold still loses ground as US dollar consolidates after reaching a six-week high on tumbling stock markets.
Gold fell 7.66$ (-0.4%) to 1904.85 dollars while the dollar index declined 0.08pt to 93.575.
U.S. Equity Snapshot
Tesla (TSLA), the electric-vehicle maker, lost ground in extended trading after CEO Elon Musk tweeted regarding battery day that "what we announce will not reach serious high-volume production until 2022."
Source: TradingView, GAIN Capital
Comcast's (CMCSA) shares might be active after Trian Fund Management said it bought a stake in the media company.
AutoZone (AZO), the leading retailer and distributor of automotive replacement parts and accessories in the U.S., reported fourth quarter comparable sales up 21.8%, above estimates.
Related tags:
Latest market news
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
S&P 500, Nasdaq, Dow Forecast: Rising Yields Test Rally Ahead of Nvidia, Fed 8 22 2026
S&P 500, Nasdaq and Dow test key technical levels as momentum fades, raising the risk of a deeper correction heading into a pivotal week.
Magnificent Seven Earnings Preview: Can Big Tech Reclaim AI Leadership?
The Magnificent Seven enter earnings with far more divided performance than in previous years, as investors increasingly distinguish between companies supplying the AI buildout and those funding it - what does that mean heading into earnings season?
USD/JPY unwind accelerates as GPIF headlines spark yen buying
Japanese assets are rallying after the government floated the prospect of the GPIF investing more heavily at home. While the proposal could have significant implications for global capital flows, it does not yet change the broader forces driving Japanese bond yields and USD/JPY.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.