por admin » Mar Abr 07, 2020 2:49 am
Futures al alza.
Dow futures point to 400 point opening gain following Monday’s sharp rebound
PUBLISHED MON, APR 6 20206:05 PM EDTUPDATED 31 MIN AGO
Yun Li
@YUNLI626
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Dow surges over 1,600 points
Stock futures pointed to a Tuesday opening jump in early morning trade, building on a steep rebound in the previous session.
Futures for the Dow Jones Industrial Average jumped 478 points, pointing to a gain of about 408.01 points at Tuesday’s open. S&P 500 futures and Nasdaq futures also pointed to opening gains for the two indexes on Tuesday.
The moves came after a series of positive coronavirus developments were reported in Asia.
South Korea reported Tuesday less than 50 new cases of infection for the second day running. China also posted no new deaths as of April 6 for the first time since January when it started publishing daily updates.
The two Asian countries were among those which saw spikes in infection rates earlier in the outbreak, with the first cases being reported out of China.
Stocks surged on Monday as a slew of coronavirus headlines pointed to a potential stabilization in the U.S. The Dow soared 1,600 points, posting its third biggest point gain ever. The S&P 500 jumped 7% to its highest level since March 13. With Monday’s rally, the S&P 500 bounced about 20% from its 52-week low on March 23.
20200406 SP500 looking for a bottom
President Donald Trump said in a press conference Monday there’s “tremendous light at the end of the tunnel’ with ten different therapeutic agents in active trials. Trump echoed comments by World Health Organization officials who said the research to develop vaccines a