Listed below are crucial information, tendencies and evaluation that buyers want to begin their buying and selling day:
1. Dow futures reduce sharp in a single day losses after Friday’s information
Merchants on the New York Inventory Alternate, July 20, 2021.
Dow futures dropped about 150 points Monday, cutting in half overnight losses, as stocks in Hong Kong and China plunged on concern about Chinese government crack downs in the education and property sectors there.
Ahead of a big week for tech stocks on Wall Street, the Dow Jones Industrial Average closed above 35,000 for the first time ever Friday. Four straight days of gains more than wiped out last Monday’s more than 2% tumble as elevated worries about spiking Covid cases due to the delta variant briefly hit the market. The S&P 500 and Nasdaq also closed at record highs Friday.
The Fed’s two-day July meeting is set to begin Tuesday. Investors will be looking for signals on when central bankers might start tightening monetary policy and how they’re feeling about rising inflation. The 10-year Treasury yield ticked lower Monday to around 1.25%. The yield, which moves inversely to price, hit a 5½-month low of nearly 1.13%