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Investors Push US Futures Higher as they Wait for Earnings, More Stimulus Push

July 16, 2021 by Forex Winner Leave a Comment

Investors Push US Futures Higher as they Wait for Earnings, More Stimulus Push

Investors pushed futures on the benchmark S&P 500 higher by 0.16% on Friday as they digested comments by Fed’s Jerome Powell on further economic support.

S&P 500 is down -0.33%, DJI is up +0.15%, CSI 300 is down -1.10%, Euro Stoxx is down -0.14%.

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Nasdaq 100 futures were up 0.16% as Dow Jones futures ticked higher by 0.18%

The uptick in futures happens amid comments by Fed’s Powell of further economic support and companies reporting their quarterly earnings.

Asia’s trading remained mixed on Friday, with China’s CSI 300 down by 1.1% while Hong Kong’s Hang Seng index gained 0.37%.

In Europe, Stoxx 600 jumped by 0.07% as London’s FTSE 100 gained 0.34%.

Brent oil recovered 0.46% on Friday to trade at $73.81 a barrel, a day after prices were suppressed by fresh concerns of coronavirus cases.

Bond yields rose by 3.2 basis points to trade at 1.329%, as Bitcoin continued its weekly plunge to the $31,440 price after a 1% decline.

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