Investors are reluctant to go all-in amid growing concerns about the highly infectious Covid-19 delta variant. Futures for the S&P 500 index as well as the Nasdaq suggested investors are taking a pause. The U.S. dollar strengthened.
This, despite news that some of the biggest U.S. financial institutions are giving money back to shareholder amid news that they passed their stress tests. Shares of Morgan Stanley, for example, are up more than 3% in the premarket after the bank said it will double its quarterly dividend.
In the meantime, there’s some important economic reports coming out including the Case-Schiller Home Price Index at 9am eastern and a report from the Conference Board on U.S. sentiment at 10am.
Richmond Fed President, Thomas Barkin, is expected to speak at 9am. He is a voting member of the rate-setting committee at the Central Bank and recently said that inflation pressures are temporary. Equities
U.S. stock futures were mixed as investors were concerned about potential lockdowns due to the Delta coronavirus strain. S&P 500 futures: 4,277.75, -0.06%
Nasdaq futures: 14,493.25, -0.13%
DOW futures: 34,204.00, +0.12% U.S. Dollar and Treasuries 10-year Treasury yields decreased and the dollar rallied reflecting a move towards safe havens as Europe struggles with fears of more lockdowns.U.S. Dollar Index (DXY): 92.04, +0.16% 10-year Treasury yield: 1.478% 2-year Treasury yield: 0.250% Stocks To Watch Exela Tech stock surged in premarket trading. The company had recently received a huge relief after a U.S. district court ruling released it from a federal […]
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