Futures Point To Positive Open For Wall Street
Asian shares finished mostly higher, while European shares are trending up.
This week s trading might be impacted by a slew of data, including reports on retail sales, producer prices, industrial production, housing starts, and existing home sales.
Major corporates, including retail giant Walmart is scheduled to report their quarterly results next week.
The Congress is set to pass the $1.9 trillion rescue proposal.
As of 7.35 am ET, the Dow futures were adding 183.00 points, the S&P 500 futures were gaining 197.50 points and the Nasdaq 100 futures were progressing 67.75 points.
The U.S. major Indices closed higher on Friday. The Dow underperformed its counterparts but still closed modestly higher, inching up 27.70 points or 0.1 percent to 31,458.40. The Nasdaq climbed 69.70 points or 0.5 percent to 14,095.47 and the S&P 500 rose 18.45 points or 0.5 percent at 3,934.83.
Bitcoin $50,000, CVS, Texas Deep Freeze, Oil Prices - 5 Things You Must Know Tuesday TheStreet 2/16/2021 Joseph Woelfel
Here are five things you must know for Tuesday, Feb. 16:
1. Stock Futures Rise as Wall Street Extends Gains
Stock futures on Tuesday pointed to an extension of Wall Street s rally as investors bet that improved vaccine distribution and more fiscal relief from the U.S. government will aid in the economy s recovery.
Contracts linked to the Dow Jones Industrial Average rose 193 points, S&P 500 futures were up 20 points and Nasdaq futures jumped 67 points.
U.S. markets were closed Monday for the Presidents Day holiday. Stocks kicked the long weekend off right with the three major indexes closing Friday at record highs.
2/16/2021 2:35:02 PM GMT | By Eren Sengezer
USD/JPY is posting strong gains in the early American session.
10-year US T-bond yield is up nearly 4% on Tuesday.
US Dollar Index turned positive on the day above 90.50.
The USD/JPY pair dropped to a daily low of 105.18 during the European trading hours but turned north in the early American session and touched its best level since October at 105.79. As of writing, the pair was up 0.39% on the day at 105.77.
10-year US T-bond yield extends rally
The sharp upsurge witnessed in the US Treasury bond yields seems to be fueling USD/JPY s upside on Tuesday. At the moment, the benchmark 10-year US T-bond yield is at its highest level in nearly a year at 1.265%, up 4.14% on a daily basis. Meanwhile, the US Dollar Index is posting small daily gains at 90.55 following a drop to 90.11 earlier in the day.
Bitcoin $50,000, CVS, Texas Deep Freeze, Oil Prices - 5 Things You Must Know Tuesday TheStreet 2/16/2021 Joseph Woelfel
Here are five things you must know for Tuesday, Feb. 16:
1. Stock Futures Rise as Wall Street Extends Gains
Stock futures on Tuesday pointed to an extension of Wall Street s rally as investors bet that improved vaccine distribution and more fiscal relief from the U.S. government will aid in the economy s recovery.
Contracts linked to the Dow Jones Industrial Average rose 193 points, S&P 500 futures were up 20 points and Nasdaq futures jumped 67 points.
U.S. markets were closed Monday for the Presidents Day holiday. Stocks kicked the long weekend off right with the three major indexes closing Friday at record highs.