Wall Street Opens Higher In Hope of Deal...

 Erica Villalon Trading Desk  


Wall Street's main indexes opened higher on Tuesday as investors were hopeful of more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help small businesses hammered by the COVID-19 pandemic.

The Dow Jones Industrial Average (DJI) rose 50.43 points, or 0.18%, at the open to 28,245.85.

The S&P 500 (SPX) opened higher by 12.46 points, or 0.36%, at 3,439.38, while the Nasdaq Composite (IXIC) gained 52.95 points, or 0.46%, to 11,531.83 at the opening bell.


http://www.folkd.com/user/ericavillalon

Popular posts from this blog

Wall St. flat as railroads slide after CSX signals trade impact

U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX (O: CSX ) shares tumbled 9.9% and were set for their biggest one-day drop since 2008 after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Ongoing trade tensions have contributed to a decline in truck and rail freight volumes in the first half of 2019. The losses in CSX shares helped push down the S&P 500 industrials index ( SPLRCI ), whose 1.9% slide was the largest among the S&P's 11 major sectors. The Dow Jones Transportation Average ( DJT ) fell 3.2%.  Daily thoughts @ https://issuu.com/ericavillalonforex/docs/the_impressive_record_of_erica_vill The Federal Reserve's Beige Book, a compendium of anecdotes from U.S. businesses, also pointed to trade-related pressures on transportation and manufacturing companies.
Read more
US Futures Point Higher ahead of Jobless Claims... https://ericavillalon.com/2020/04/02/us-futures-point-higher-crude-gains/
Read more

Net Bearish Bets on Euro Dollar Futures

Speculators dialed back their net bearish bets on Eurodollar futures from record highs after the Federal Reserve as expected raised interest rates last week, according to Commodity Futures Trading Commission data released on Friday. Speculators also pared their net bearish or short bets on U.S. 10-year Treasury note futures from their highest levels since April 2010. On the other hand, speculative net shorts in two-year and five-year Treasury futures rose as the U.S. central bank surprised traders by hinting it might raise interest rates at a faster pace than had previously thought. The amount of speculators' bearish, or short, positions in Eurodollar futures exceeded bullish, or long, positions by 2.008 million contracts on Dec. 20, down from a record 2.358 million net shorts in the prior week, according to the CFTC's latest Commitments of Traders data. Speculative net shorts in 10-year T-notes fell to 221,058 contracts, down from 268,395 which was the most net shorts...
Read more