Skip to main content

US Market | Futures Indicator: US futures point to higher open on Wall Street with virus and earnings in focus

Elliot Smith


U.S. stock index futures are pointing to a higher open on Wall Street Tuesday as stocks look to continue Monday’s rally.
At around 2:30 a.m. ET, Dow futures were up 57 points and indicated an implied positive open of more than 70 points, while futures on the S&P 500 and Nasdaq were also higher.
Investors continue to monitor news on the coronavirus outbreak, after China’s National Health Commission on Monday night said the death toll had risen to 1,016 people with 42,638 confirmed cases.
However, fears over the economic fallout from the outbreak have been offset by positive economic indicators. Both the S&P 500 and Nasdaq Composite closed at fresh record highs on Monday, while the Dow Jones Industrial Average jumped more than 170 points.
President Donald Trump unveiled his $4.8 trillion budget plan for the coming fiscal year on Monday, drawing rebukes from congressional Democrats over its plan to cut Medicare, Medicaid and Social Security despite the president’s repeated promises to protect them.
The budget proposed $150 million to create a U.S. uranium reserve in order to aid ailing producers, along with a $25.2 billion budget for NASA, the agency’s largest in decades.
Fourth-quarter and full-year earnings remain in focus, with Hasbro and Under Armour among those reporting before the bell on Tuesday, while numbers are due out of Lyft and Western Union after the close of trading.
On the data front, January NFIB business optimism figures are expected at 6:00 a.m. ET and JOLTS job openings for December are due at 10:00 a.m. ET.

Comments

Popular posts from this blog

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post.

washingtonpost.com By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010   Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in