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Equity Futures Announce Gains Before GDP Review



Equity futures say equities will add to Tuesday's gains ahead of the latest economic growth readings.

Futures contracts on the Dow Jones rose 0.5%. The S & P 500 added 0.4% and the Nasdaq Composite was up 0.5%.

Investors will receive the second revision of the third quarter GDP. Economists expect the growth rate to reach 3.5%, which would remain unchanged from the previous reading.

October new home sales data will also be released.

Profits must be paid to Tiffany & Company, J.M. Smucker and Dick's Sporting Goods.

US stocks limited early session losses on Tuesday and posted modest gains as shares of several tech companies and retailers lagged the market.

Investors rated a disappointing report from the S & P CoreLogic Case-Shiller home price index, which indicated that the pace of US house price growth had slowed in September.

TeleprintersecurityLatestChange% Chg
I: DJIDOW JONES MEANS24748.73108.49+ 0.44%
SP500S & P 5002682.178.72+ 0.33%
I: COMPCOMPOUND INDEX NASDAQ7082.69970.85+ 0.01%

In the afternoon, several large high-tech companies, such as Microsoft, Amazon and Netflix, began to grow, and retailers like Macy's and JC Penney Co. also posted gains, pushing up the Dow Jones Industrial Average and the S & P 500 in positive territory.

Feelings were also reinforced on Tuesday afternoon when Larry Kudlow, Trump's chief economic adviser, told reporters that the prospects for a trade between the United States and China were encouraging, as was the case. reported FOX Business.

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In the Asian market, the Shanghai Composite of China ended the day up 1.1%.

The Hong Kong Hang Seng Index ended the session up 1.3%.

Japan's Nikkei average rose 1% for the fourth day.

In Europe, the London FTSE was 0.1% lower, the German DAX gained 0.1% and the French CAC 0.3%.


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