Connect with us

Business

Live stock market news: equity futures are open

Avatar

Published

on


Stock futures were little changed on Monday night after a mixed session earlier today as investors waited for the next round of corporate results.

Investors will receive quarterly reports from companies including Pfizer (PFE), Lyft (LYFT) and Virgin Galactic Holdings (SPCE) on Tuesday. Overall, business results have so far exceeded estimates so far, with 85% of S&P 500 companies reporting to have exceeded expectations by more than 22.1% in aggregate, according to an analysis by the analyst of the Credit Suisse Jonathan Golub.

These good results, however, were greeted with just a shrug of the shoulders by Wall Street, with many companies failing to see their stocks rise even after posting above-estimated results. Many experts attributed this to already high expectations as earnings season approached, with investors poised to see a rebound in corporate earnings during the post-pandemic economic recovery.

“The numbers were good, but Wall Street’s response has been neutral at best. When the best earnings growth since 2010 breeds a yawn, it’s pretty clear that perfection is being taken into account,” wrote Hilary Kramer, chief executive officer. investments from Kramer Capital Research, in an email Monday. . “While there is no flashing seasonal sell signal, there is also no immediate reason to buy. This is a great opportunity to review your positions, make adjustments, and then withdraw for the next few months. “

Stocks are also entering a more stagnant seasonal period for gains. And with earnings reporting ending, investors over the next two months will have to react to developments around monetary policy and possible tax changes rather than specific company fundamentals, Joe Fahmy noted Monday, Managing Director of Zor Capital.

“I’m still bullish in the long term, just cautious in the short term,” Fahmy told Yahoo Finance. “I think one of two things happens from here: either growth stocks stabilize and lift the markets, or weakness below the surface pushes the market down. And I lean towards the latter for several reasons. , the main one is … what has happened in the last two weeks. Many mega-cap tech stocks have reported remarkable profits. But as I like to say that this is not the news, it is. is the market reaction to the news. me that large institutions are selling in force right now. “

Others have also suggested that markets may destabilize in the short term.

“I think what we’re looking for is potentially something more like March where we cut and digested the February moves a bit. We’re going to cut a bit and digest the April moves,” said Bill Baruch, chairman of Blue Line Futures. Yahoo Finance Monday. “4,186 is a big level for me in the S&P 500, and it’s been pretty sticky. Yes, we’ve been above it, we’ve been a bit below since we hit it as well, and I think that it’s a very sticky level and we’re going to see it play both ways. ”

6:15 p.m. ET: ET Monday, flat stock futures trading

Here’s where the markets were trading at the start of the overnight session:

  • S&P 500 Futures (ES = F): 4,184.00, down 1.75 points or 0.04%

  • Dow Futures (YM = F): 34,009.00, up 1 point or unchanged

  • Future Nasdaq (NQ = F): 13,781.5, down 8.5 points or 0.06%

View of the New York Stock Exchange (NYSE) on Wall Street on November 16, 2020 in New York City.  - Wall Street shares rose early on optimistic news about a coronavirus vaccine and merger announcements in the banking and retail sectors.  (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS / AFP via Getty Images)

View of the New York Stock Exchange (NYSE) on Wall Street on November 16, 2020 in New York City. – Wall Street shares rose early on optimistic news about a coronavirus vaccine and merger announcements in the banking and retail sectors. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS / AFP via Getty Images)

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

Learn more about Emily:



What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]