U.S. stock-index futures rose slightly on Tuesday, as investors weighed prospects of a near-term recovery from the coronavirus downturn and protests in the U.S.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,325.61 | +263.22 | +1.19% |
Hang Seng | 23,995.94 | +263.42 | +1.11% |
Shanghai | 2,921.40 | +5.97 | +0.20% |
S&P/ASX | 5,835.10 | +15.90 | +0.27% |
FTSE | 6,229.42 | +63.00 | +1.02% |
CAC | 4,855.49 | +92.71 | +1.95% |
DAX | 12,011.39 | +424.54 | +3.66% |
Crude oil | $36.00 | +1.58% | |
Gold | $1,750.00 | -0.02% |
FXStreet notes that global stocks have continued to rally with the S&P 500 now back above 3,000. Economists at UBS recommend remaining invested and buying using a dollar-cost averaging strategy.
“US stocks have now rallied by over 36% since the low point on 23 March. As always, we recommend staying invested because selling out can be extremely costly. But for investors looking to manage downside risks, it is important to maintain a well-diversified portfolio.”
“For investors who find themselves sitting on the sidelines, but who are worried about the risk of an ill-timed investment, we recommend using a dollar-cost averaging strategy to build up long-term positions. Averaging into equities can help investors deploy capital while smoothing near-term bumps, and investors who can implement options can also pair this approach with a put-writing strategy to provide some additional yield.”
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 156 | 0.42(0.27%) | 3736 |
ALCOA INC. | AA | 9.7 | 0.21(2.21%) | 27236 |
ALTRIA GROUP INC. | MO | 39.45 | 0.27(0.69%) | 9729 |
Amazon.com Inc., NASDAQ | AMZN | 2,475.00 | 3.96(0.16%) | 18704 |
American Express Co | AXP | 98.45 | 1.70(1.76%) | 13497 |
AMERICAN INTERNATIONAL GROUP | AIG | 30.87 | 0.32(1.05%) | 3465 |
Apple Inc. | AAPL | 320.64 | -1.21(-0.38%) | 312837 |
AT&T Inc | T | 31.13 | 0.20(0.65%) | 41562 |
Boeing Co | BA | 153.31 | 1.92(1.27%) | 213473 |
Caterpillar Inc | CAT | 121 | 0.50(0.41%) | 789 |
Chevron Corp | CVX | 93.6 | 0.81(0.87%) | 21298 |
Cisco Systems Inc | CSCO | 46.5 | 0.20(0.43%) | 27601 |
Citigroup Inc., NYSE | C | 50.84 | 1.39(2.81%) | 130115 |
Deere & Company, NYSE | DE | 150 | 0.86(0.58%) | 275 |
E. I. du Pont de Nemours and Co | DD | 51.2 | 0.32(0.63%) | 315 |
Exxon Mobil Corp | XOM | 46.82 | 0.54(1.17%) | 54343 |
Facebook, Inc. | FB | 231.6 | -0.31(-0.13%) | 113756 |
FedEx Corporation, NYSE | FDX | 131 | 1.29(0.99%) | 2708 |
Ford Motor Co. | F | 5.98 | 0.11(1.87%) | 808514 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 9.47 | 0.13(1.39%) | 25177 |
General Electric Co | GE | 6.88 | 0.12(1.78%) | 753968 |
General Motors Company, NYSE | GM | 27.43 | 0.49(1.82%) | 65127 |
Goldman Sachs | GS | 202.49 | 2.56(1.28%) | 7836 |
Google Inc. | GOOG | 1,432.06 | 0.24(0.02%) | 6374 |
Hewlett-Packard Co. | HPQ | 15.2 | 0.07(0.46%) | 85867 |
Home Depot Inc | HD | 249 | 1.71(0.69%) | 9159 |
Intel Corp | INTC | 62.12 | 0.26(0.42%) | 67387 |
International Business Machines Co... | IBM | 125.7 | 0.81(0.65%) | 3283 |
Johnson & Johnson | JNJ | 147.28 | 0.09(0.06%) | 1772 |
JPMorgan Chase and Co | JPM | 100.25 | 1.65(1.67%) | 73303 |
McDonald's Corp | MCD | 188.41 | 1.00(0.53%) | 7630 |
Merck & Co Inc | MRK | 79.7 | 0.14(0.18%) | 11219 |
Microsoft Corp | MSFT | 183.99 | 1.16(0.63%) | 266622 |
Nike | NKE | 99.5 | -0.04(-0.04%) | 8841 |
Pfizer Inc | PFE | 35.69 | 0.23(0.65%) | 202718 |
Starbucks Corporation, NASDAQ | SBUX | 77.95 | -0.37(-0.47%) | 27239 |
Tesla Motors, Inc., NASDAQ | TSLA | 892.31 | -5.79(-0.65%) | 189256 |
The Coca-Cola Co | KO | 47.2 | 0.21(0.45%) | 22939 |
Travelers Companies Inc | TRV | 109.68 | 0.53(0.49%) | 425 |
Twitter, Inc., NYSE | TWTR | 32.1 | 0.21(0.66%) | 109962 |
Verizon Communications Inc | VZ | 55.85 | 0.07(0.13%) | 16836 |
Visa | V | 195.54 | 1.19(0.61%) | 13760 |
Wal-Mart Stores Inc | WMT | 123.8 | -0.16(-0.13%) | 7886 |
Walt Disney Co | DIS | 119.25 | 0.48(0.40%) | 33771 |
Yandex N.V., NASDAQ | YNDX | 41.66 | 0.66(1.61%) | 8241 |
Microsoft (MSFT) target raised to $250 at Wells Fargo
FXStreet notes that the S&P 500 has marched steadily higher from its March 23rd low against a backdrop of investor skepticism. Analysts at JP Morgan Asset Management expect an eventual retracement on the S&P 500 Index but to stay range-bound in the near-term.
“S&P 500 futures positioning remains net short, the AAII bull/bear survey is not showing signs of reckless optimism, and the put/call data is only starting to show signs of complacency. One could argue that valuations are stretched – and they would probably be right – but valuations don’t tell you much about near-term performance. The market doesn’t need a whole lot of good news, it just needs bad news to remain at bay.”
“At some point, markets will pull back. This could be caused by any number of things: a reacceleration in case growth, any sign that policymakers are starting to reign in stimulus, or a failure on the part of the labor market to rebound in line with expectations. As long as these things do not materialize, equities will likely avoid retesting the March 23rd lows; at the same time, however, reaching a new all-time high in the near-term seems unlikely.”
“Volatility looks set to remain elevated; remember, it took over a year for the VIX to drop below 20 after peaking in November 2008. As such, we expect the market will be range bound going forward, but cyclical value could outperform growth as the data improves. As such, we maintain our preference for quality companies, but are increasingly comfortable taking a bit more risk.”
Index | Change, points | Closed | Change, % |
---|---|---|---|
NIKKEI 225 | 184.5 | 22062.39 | 0.84 |
Hang Seng | 771.05 | 23732.52 | 3.36 |
KOSPI | 35.48 | 2065.08 | 1.75 |
ASX 200 | 63.5 | 5819.2 | 1.1 |
FTSE 100 | 89.82 | 6166.42 | 1.48 |
CAC 40 | 67.34 | 4762.78 | 1.43 |
Dow Jones | 91.91 | 25475.02 | 0.36 |
S&P 500 | 11.42 | 3055.73 | 0.38 |
NASDAQ Composite | 62.18 | 9552.05 | 0.66 |
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.