Latest News and analysis
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: US Stocks Set to Open Higher to Start the Week
US stock futures rose markedly on Monday after modest losses in the previous week, as traders welcomed Friday’s upbeat PMI data, with both services activity and the manufacturing sector expanding at record rates. Reports that the daily rise in COVID-19 infections in the US was at its lowest point in almost a year also lifted sentiment. On the corporate side, Johnson & Johnson announced Monday that it filed for approval of its COVID-19 vaccine in Japan, adding that it could start delivering the one-dose shots to the country in early 2022. Investors now anticipate consumer confidence and new home sales data set to be released on Tuesday. They also look toward the release of US consumer prices later in the week, along with the 2nd estimate Q1 US GDP and President Biden’s FY2022 budget. Last week, the Dow fell 0.5% while the S&P 500 dropped 0.4%. The Nasdaq eked out a 0.3% gain, breaking a four-week losing streak. [/s2If]
Join Our Telegram Group