[ad_1]
Mobius Capital Partners founder Mark Mobius says this year will produce “good earnings reports” as the economic recovery “will be bigger than people imagined.”
US equity futures indicate a mixed opening at the start of Wednesday’s trading session.
Dow futures suggest a decline of 0.6%, while the Nasdaq indicates a gain of 0.2%.
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
Microsoft shares give the Nasdaq a boost after the software giant said its fiscal second quarter net profit rose more than 30% to $ 15.5 billion. Sales rose 17% to $ 43.1 billion. Both figures exceeded analysts’ expectations. Stocks rose 4% in after-hours trading.
The Fed is expected to keep its extremely favorable policy unchanged given the slow progress in tackling the pandemic, analysts said.
MANDATORY MARKET SURVEILLANCE FOR CONTINUOUS FEDERAL PURCHASE INSURANCE
Markets have meandered since last week, as investors weighed in on strong corporate results against renewed fears that problems with the deployment of the COVID-19 vaccine and the spread of new coronavirus variants could delay the recovery of the virus. the pandemic.
The fact that President Joe Biden’s $ 1.9 billion stimulus package will not be “approved” by the US Senate is also weighing on sentiment.
Quarterly earnings reports are due Wednesday from Boeing, AT&T, Apple, Facebook and Tesla.
JANET YELLEN PRESENTS THE OBJECTIVES FOR THE AMERICAN ECONOMY AFTER HIS CONFIRMATION AS TREASURY SECRETARY
On the economic calendar, the Census Bureau is expected to say that new orders for high-priced manufactured items rose 0.9% month over month in December. If you don’t count, orders for transportation components should increase slightly by 0.5%. Orders for basic capital goods, a closely watched indicator of business spending, are also expected to rise 0.6% for the month.
In Europe, London’s FTSE fell 0.6%, Germany’s DAX fell 1.0%, and France’s CAC fell 0.7%.
In Asian markets, the Nikkei 225 index in Tokyo rose 0.3%, while the Hang Seng index in Hong Kong lost 0.3% and the Shanghai Composite index of China gained 0, 1%.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| I: DJI | MEDIUM DOW JONES | 30937.04 | -22.96 | -0.07% |
| SP500 | S&P 500 | 3849.62 | -5.75 | -0.15% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13626.064934 | -9.93 | -0.07% |
On Tuesday, the S&P 500 lost 0.1% to 3,849.62 but was 0.2% off the record it set on Monday. The Dow Jones Industrial Average fell 0.1% to 30,937.04. The highly technical Nasdaq composite also slipped 0.1% to 13,626.06.
CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS
In other trades, benchmark US crude added 1 cent to $ 52.61 per barrel in e-commerce on the New York Mercantile Exchange. It fell 16 cents to $ 52.77 per barrel on Tuesday. Brent, the international standard, added 5 cents to $ 55.96 a barrel.
The Associated Press contributed to this article.
[ad_2]
Source link