Saturday , January 23 2021

Stock futures fall into trouble with KOVID, Europe faces blockade



US capital futures show higher sales when the session starts on Wednesday on Wall Street.

Major futures indices suggest a decline of 1.7% or more than 400 Dow points.

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With Tuesday’s drop, Dow Industrials fell in four of the last five sessions.

Markets continue to worry about rising coronavirus infections and Washington’s inability to deliver more to the economy. Europe is expected to take more drastic measures to prevent the coronavirus.

Reuters reports that France was considering a month-long national blockade to fight the outbreak of coronavirus infections.

In Europe, the London FTSE fell 1.4%, the German DAXdropped 2.1% and the French CAC fell 2.4%.

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Uncertainty over the upcoming US election is also prompting market players to make big moves.

Three Dow members will take part in Wednesday’s earnings procession: Boeing in the morning and Amgen and Visa after the outing. Before the market opens, we will get results from the health insurer “Himna”, the multinational conglomerate “General Electric”, agribusiness and food giant “Bung Limited” and the defense contractor “General Dynamics”.

In Asia, Japanese benchmark Nikkei 225 fell 0.3%, Hong Kong Hang Seng fell 0.3% and China’s Shanghai Composite fell 0.5%.

Ticker Security Last Change Change%
Me: DJI DOW JONES on average 27463.19 -222.19 -0.80%
SP500 S&P 500 3390.68 -10.29 -0.30%
I: COMPOSITE INDEX COMPOSITE INDEX 11431.350522 +72.41 + 0.64%

On Tuesday, the S&P 500 fell 0.3% to 3,390.68. The Dow ions industrial average lost 0.8% to 27,463.19. However, the technology-heavy Nasdaq compact rose 0.6%.

Attention continues to hang over the markets. Governments have begun imposing restrictions on businesses and other activities to help prevent growing infections. It could stifle the improvements seen since the summer. Fresh pandemic precautions are also provoking a public backlash despite rising disease rates in European countries.

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Investors are urging Congress to provide more virus relief to the US economy, but they are increasingly acknowledging that this will not happen any time soon.

Wall Street’s caution is also evident in how it responds to the company’s profit reports. During the first two weeks of the earnings season, companies that reported better-than-expected results did not receive a typical pop at their share price the day after.

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In energy trading, US benchmark crude lost $ 1.27, or more than 3%, at $ 38.29 a barrel in electronic trading on the New York Mercantile Exchange. It gained 1.01 to 39.57 dollars per barrel on Tuesday.

Brent crude, an international standard, fell $ 1.09 to $ 40.11 a barrel.

The Associated Press contributed to this report.


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