Futures bounce as China industrial profits rise
FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid
Worries over rising coronavirus cases and waning hopes of more fiscal stimulus have led to a spike in market volatility in the past few weeks, and analysts expect trading to remain choppy in the run up to the Nov. 3 presidential election. “Traders tend to gravitate toward those groups that are most oversold because they have the greatest upside potential,” said Sam Stovall, chief investment strategist at CFRA in New York, referring to banks and travel-related stocks.
At 8:37 a.m. ET, Dow e-minis were up 372 points, or 1.38%, S&P 500 e-minis were up 47.5 points, or 1.44%, and Nasdaq 100 e-minis were up 213.5 points, or 1.92%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virgin Galactic gets two more buy ratings as Wall Street remains unanimous on space tourism stockNew for subscribers: Virgin Galactic gets two more buy ratings as Wall Street remains unanimous on space tourism stock Check out CNBCPro today.
Read more »
What to watch today: Wall Street set to pick up where Friday's rally left offDow futures pointed to a strong gain at Monday's open after Friday's strong rally failed to erase last week's losses.
Read more »
'Dumb money' is fueling one of the biggest lies on Wall Street, researcher saysRetail traders flocking to platforms such as Robinhood may be wrongly reinforcing the idea that it's easy to beat the market, says Larry Swedroe.
Read more »
'Trump Street' road renaming angers locals, 'Obama Street' sign made in responseDavid Small from Eagle in Alaska, who came up with the idea, said other presidents had streets named after them and described Trump as 'God's right arm.'
Read more »
What to watch today: Wall Street set to pick up where Friday's rally left offDow futures pointed to a strong gain at Monday's open after Friday's strong rally failed to erase last week's losses.
Read more »
European markets set for higher open, looking to rebound from last week's lossesEuropean stocks are set to open higher Monday, looking to recover from their worst week since mid-June, with a global rise in coronavirus cases and political developments stateside on investors' radar.
Read more »