U.S. stock futures are pointing to a higher open, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases.
, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases. The Dow, S&P 500 and Nasdaq are higher in five of the past six sessions, and four S&P sectors are at record highs: Consumer Discretionary, Consumer Staples, Tech and Real Estate.
for the rest of the world. China's National Health Commission reported that a total of 42,638 cases had been confirmed in the country, with 1,016 deaths. Fed Chairman Jerome Powell testifies today and tomorrow in the first of his twice-a-year economic updates to Congress, with investors listening for commentary on any coronavirus impact on the U.S. economy. On today's
calendar, the government is out with JOLTS, the Job Openings and Labor Turnover Survey, for December at 10 a.m. ET. this morning, while Denny's , Groupon , Lyft , and Western Union are among the companies issuing quarterly numbers after the bell.of allowing Sprint and T-Mobile to merge over the objections of a group of state attorneys general, Reuters reported. It's a decision that's supposed to be made today.
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