Futures for Usa markets were lower late Monday after investors pushed all three major US indices to fresh records during regular trading amid a dearth of bad news.
Advertisement
The S&P 500 gained 6 points, or 0.29 percent, at 2,190, with materials leading nine sectors higher and utilities the only laggard while the Nasdaq rose 0.46 percent, or 24 points, to 5,256.
The benchmark S&P 500 and the Nasdaq composite broke above previous intraday highs of 2,188.45 and 5,238.54, respectively, shortly after the open.
A recovery in oil prices Monday helped bolster investor confidence.
Investors were also awaiting the minutes of the Fed’s July policy meeting scheduled for release Wednesday, for more indications on the timing of the next interest rate hike.
The dollar index, which tracks the greenback against six major world rivals, fell 0.1 per cent to 95.624. He expects earnings will improve “over the next few years”.
Yields on British 10-year gilts have more than halved to all-time lows of 53 basis points, having been up at 1.39 percent just before the Brexit vote. USA stocks are rising early Thursday, June 23, 2016, as investors grow more optimistic that Britons will vote to stay in the European Union.
Futures for Nasdaq were off 0.09%, while the S&P 500 trimmed 0.1% and the Dow Jones Industrials 0.09% at 10:06 p.m. EDT.
The Nasdaq is up 254.60 points, or 5.1 percent. The CSI300 index rose 1.3 per cent, heading for gains of nearly 2.2 per cent for the week, while the Shanghai Composite climbed one per cent, poised to end the week 1.9 per cent higher.
The decline by the index came as a surprise to economists, who had expected the index to climb to a positive 2.50.
Real estate investment trust Mid-America Apartment Communities will buy competitor Post Properties for about $3.9 billion in stock.
Twitter rose 6.2 percent to an eight-month high after the New York Times reported the company was in talks to bring its app to the Apple TV platform.
NYMEX crude oil futures jumped a little better than 3 percent, while Brent contracts added 3.24 percent to $48.89.
Commodities followed stocks higher, with the Bloomberg Commodity Index shedding around 0.84 percent. Britain’s FTSE 100 gained 0.4 percent.
Advertisement
The Nikkei .N225 eased 0.3 percent as Japan’s economic growth effectively stalled in the second quarter on weak exports and business investment, underlining the need for more stimulus.
