U.S. stock-index futures rose solidly on Tuesday, pointing to an opening jump in early morning trade amid preserved optimism that the lockdown measures helped slow the spread of the global coronavirus pandemic.
Global Stocks:
| Index/commodity | Last | Today's Change, points | Today's Change, % |
| Nikkei | 18,950.18 | +373.88 | +2.01% |
| Hang Seng | 24,253.29 | +504.17 | +2.12% |
| Shanghai | 2,820.76 | +56.78 | +2.05% |
| S&P/ASX | 5,252.30 | -34.50 | -0.65% |
| FTSE | 5,724.00 | +141.61 | +2.54% |
| CAC | 4,450.41 | +104.27 | +2.40% |
| DAX | 10,397.81 | +322.64 | +3.20% |
| Crude oil | $26.56 | | +1.84% |
| Gold | $1,709.60 | | +0.93% |
FXStreet reports that analysts at Credit Suisse note that the S&P 500 remains well below the lower end of its ‘typical’ extreme, 15% below the 200-day average, further increasing the risk we may be seeing the early stages of a more sustained decline.
“Support is seen at 2364/60, below which can add momentum to the decline again, with support thereafter seen at the current YTD low at 2192, beneath which we see more important support at 2030/2000, the 50% retracement of the entire 2009/2020 bull market.”
“Above 2641/51 on a weekly closing basis would suggest a deeper recovery/consolidation phase can indeed unfold, with resistance next at 2793, then more importantly starting at 2855 and stretching up to the 200-day average at 3022. We would look for a fresh top here.”
“Monthly RSI has broken support stretching back to 2011 and is seen likely to fall further.”
“Monthly MACD holds a long-term bearish divergence and has also turned decisively lower.”
(company / ticker / price / change ($/%) / volume)
| 3M Co | MMM | 148.5 | 7.80(5.54%) | 52968 |
| ALCOA INC. | AA | 7.05 | 0.50(7.63%) | 67134 |
| ALTRIA GROUP INC. | MO | 38.1 | 0.82(2.20%) | 200838 |
| Amazon.com Inc., NASDAQ | AMZN | 2,018.00 | 20.41(1.02%) | 70261 |
| American Express Co | AXP | 89.5 | 5.63(6.71%) | 31945 |
| AMERICAN INTERNATIONAL GROUP | AIG | 22.99 | 1.47(6.83%) | 17603 |
| Apple Inc. | AAPL | 269.8 | 7.33(2.79%) | 769593 |
| AT&T Inc | T | 30.75 | 1.31(4.45%) | 406832 |
| Boeing Co | BA | 163 | 14.23(9.57%) | 1225073 |
| Caterpillar Inc | CAT | 123.5 | 3.07(2.55%) | 14382 |
| Chevron Corp | CVX | 83 | 2.61(3.25%) | 219335 |
| Cisco Systems Inc | CSCO | 42.35 | 0.92(2.22%) | 76341 |
| Citigroup Inc., NYSE | C | 43.9 | 2.78(6.76%) | 123445 |
| Deere & Company, NYSE | DE | 149.17 | 5.68(3.96%) | 1135 |
| E. I. du Pont de Nemours and Co | DD | 36.79 | 1.40(3.96%) | 3095 |
| Exxon Mobil Corp | XOM | 42.82 | 2.35(5.81%) | 399090 |
| Facebook, Inc. | FB | 170 | 4.45(2.69%) | 192925 |
| FedEx Corporation, NYSE | FDX | 123 | 3.98(3.34%) | 3173 |
| Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 7.67 | 0.48(6.68%) | 193424 |
| Ford Motor Co. | F | 4.85 | 0.32(7.06%) | 1132680 |
| General Electric Co | GE | 7.63 | 0.40(5.53%) | 688102 |
| General Motors Company, NYSE | GM | 20.78 | 1.23(6.29%) | 163853 |
| Goldman Sachs | GS | 165.1 | 6.87(4.34%) | 23313 |
| Google Inc. | GOOG | 1,218.12 | 31.20(2.63%) | 22739 |
| Hewlett-Packard Co. | HPQ | 15.5 | 0.50(3.33%) | 2511 |
| Home Depot Inc | HD | 197 | 5.67(2.96%) | 19813 |
| HONEYWELL INTERNATIONAL INC. | HON | 137 | 3.00(2.24%) | 5318 |
| Intel Corp | INTC | 59.93 | 1.50(2.57%) | 267429 |
| International Business Machines Co... | IBM | 118.2 | 3.38(2.94%) | 35314 |
| International Paper Company | IP | 32.5 | 0.97(3.08%) | 716 |
| Johnson & Johnson | JNJ | 141.88 | 2.12(1.52%) | 13962 |
| JPMorgan Chase and Co | JPM | 93.75 | 4.29(4.80%) | 278400 |
| McDonald's Corp | MCD | 182.21 | 5.17(2.92%) | 22843 |
| Merck & Co Inc | MRK | 80.9 | 0.59(0.73%) | 8068 |
| Microsoft Corp | MSFT | 170.08 | 4.81(2.91%) | 516712 |
| Nike | NKE | 87.02 | 2.39(2.82%) | 130636 |
| Pfizer Inc | PFE | 35.02 | 0.45(1.30%) | 30209 |
| Procter & Gamble Co | PG | 118.83 | 1.02(0.87%) | 235933 |
| Starbucks Corporation, NASDAQ | SBUX | 70.7 | 2.91(4.29%) | 107386 |
| Tesla Motors, Inc., NASDAQ | TSLA | 539.4 | 23.16(4.49%) | 281445 |
| The Coca-Cola Co | KO | 48.25 | 1.58(3.39%) | 416252 |
| Travelers Companies Inc | TRV | 101.18 | 2.20(2.22%) | 2370 |
| Twitter, Inc., NYSE | TWTR | 25.7 | 0.77(3.09%) | 193802 |
| UnitedHealth Group Inc | UNH | 255 | 6.66(2.68%) | 6753 |
| Verizon Communications Inc | VZ | 57.36 | 0.66(1.16%) | 36743 |
| Visa | V | 177.39 | 7.95(4.69%) | 66049 |
| Wal-Mart Stores Inc | WMT | 126.1 | 0.03(0.02%) | 165113 |
| Walt Disney Co | DIS | 103.36 | 3.78(3.80%) | 101830 |
| Yandex N.V., NASDAQ | YNDX | 34.98 | 1.11(3.28%) | 26505 |
General Motors (GM) downgraded to Hold from Buy at Deutsche Bank; target $25
Freeport-McMoRan (FCX) upgraded to Neutral from Underperform at Credit Suisse; target lowered to $8
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | 756.11 | 18576.3 | 4.24 |
| Hang Seng | 513.01 | 23749.12 | 2.21 |
| KOSPI | 66.44 | 1791.88 | 3.85 |
| ASX 200 | 219.3 | 5286.8 | 4.33 |
| FTSE 100 | 166.89 | 5582.39 | 3.08 |
| DAX | 549.4 | 10075.17 | 5.77 |
| CAC 40 | 191.56 | 4346.14 | 4.61 |
| Dow Jones | 1627.46 | 22679.99 | 7.73 |
| S&P 500 | 175.03 | 2663.68 | 7.03 |
| NASDAQ Composite | 540.16 | 7913.24 | 7.33 |