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%.
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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.
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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.
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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%.
|I: DJI||MEDIUM DOW JONES||30937.04||-22.96||-0.07%|
|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.
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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.