Stock futures rebound after slipping from record highs
- Equities took a breather on Monday following a rally that took major
U.S. indexes to record highs, though the pullback does not seem to be
lasting long, as futures look to start today's session on the right foot.
Dow +0.3%; S&P 500 +0.3%; Nasdaq +0.5%.
- *Quote:* "This market refuses to traffic in everything that's going
wrong and instead focuses on what could go right," Jim Cramer declared,
adding that the positivity on Wall Street could also be seen in the way
that numerous individual stocks exchanged hands.
- Despite the Sriwijaya Air crash, Boeing shares finished well off their
session lows after a Baird analyst in a new note called it a "top
cyclical
play on recovery," while Tesla is up nearly 3% premarket after its first
negative day in 12. Social media stocks also plunged Monday after banning
President Trump from their platforms, but are all heading into the green
this morning. Bitcoin, which was down nearly 25% at one point, appears to
have stabilized (for the time being), up 1% to the $36,000-level.
- *Outlook:* Investors have largely ignored last week's attack on the
Capitol, Democrats move to impeach the president and countless headlines
that have flashed "market bubble" warnings. Traders are also paying close
attention to forecasts and corporate views of the economy as earnings
season kicks off this week. Earnings for S&P 500 companies overall are
expected to jump about 24% in 2021, according to data from Refinitiv,
which
includes strong rebounds for sectors like industrials, materials and
financials.
|Today, 5:16 AM|2 Comments
- Equities took a breather on Monday following a rally that took major
U.S. indexes to record highs, though the pullback does not seem to be
lasting long, as futures look to start today's session on the right foot.
Dow +0.3%; S&P 500 +0.3%; Nasdaq +0.5%.
- *Quote:* "This market refuses to traffic in everything that's going
wrong and instead focuses on what could go right," Jim Cramer declared,
adding that the positivity on Wall Street could also be seen in the way
that numerous individual stocks exchanged hands.
- Despite the Sriwijaya Air crash, Boeing shares finished well off their
session lows after a Baird analyst in a new note called it a "top
cyclical
play on recovery," while Tesla is up nearly 3% premarket after its first
negative day in 12. Social media stocks also plunged Monday after banning
President Trump from their platforms, but are all heading into the green
this morning. Bitcoin, which was down nearly 25% at one point, appears to
have stabilized (for the time being), up 1% to the $36,000-level.
- *Outlook:* Investors have largely ignored last week's attack on the
Capitol, Democrats move to impeach the president and countless headlines
that have flashed "market bubble" warnings. Traders are also paying close
attention to forecasts and corporate views of the economy as earnings
season kicks off this week. Earnings for S&P 500 companies overall are
expected to jump about 24% in 2021, according to data from Refinitiv,
which
includes strong rebounds for sectors like industrials, materials and
financials.
|Today, 5:16 AM|2 Comments
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