US Market | Futures Indicator Update: Update: Dow set to jump 700 points as Biden scores big wins on Super Tuesday
As of 7:35 a.m. ET on Wednesday, Dow Jones Industrial Average futures were up 726 points and indicated a rise of 702 points at the open. S&P 500 and Nasdaq 100 futures also pointed to solid opening gains. Still, the implied open could change as markets remain volatile.
Biden’s success early into Super Tuesday voting appeared to buoy U.S.
“We think the equity market has also been spooked by the decline in expectations that Trump will get reelected in the betting market, as well as
“If Super Tuesday goes well for Biden, the areas with
The stock rose more than 4% in extended trading Tuesday night.
Investors have long applauded Biden for his middle-of-the-road tact in contrast to the more-progressive policies of
Warren, a former law school professor who specialized in bankruptcy law, is not a favorite on Wall Street as she proposes detailed plans to break up big banks and technology companies and raise taxes.
“Stocks will be even more relieved at Warren’s coming concession as they are at Biden’s big showing,” Brown tweeted. “Wall Streeters
Tuesday’s session marked yet another volatile session for U.S.
The decision to cut rates by half a percentage point came two weeks before the Fed’s next scheduled meeting and reflected the central bank’s belief that quick action would be most effective to combat the dampening impact of the virus.
The Fed’s extraordinary cut was the first such emergency action coming in between scheduled meetings since the financial crisis
Though stocks initially traded higher, the Dow, S&P 500 and Nasdaq Composite all reversed course to end Tuesday’s session markedly lower. The Dow fell more than 780 points, or 2.9%, and the S&P 500 dropped 2.8% with both indexes back in
Investors, in turn, loaded up on U.S. Treasurys, pushing the benchmark 10-year yield below 1% for the first time ever. Gold, meanwhile, jumped 2.9
—CNBC’s Eustance Huang and Michael Bloom contributed to this report.