U.S. stock-index futures rose slightly on Wednesday, as growing hopes of a V-shaped economic recovery offset geopolitical tensions in Asia and worries over a spike in coronavirus infections in China.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 22,455.76 | -126.45 | -0.56% |
Hang Seng | 24,481.41 | +137.32 | +0.56% |
Shanghai | 2,935.87 | +4.12 | +0.14% |
S&P/ASX | 5,991.80 | +49.50 | +0.83% |
FTSE | 6,291.56 | +48.77 | +0.78% |
CAC | 5,019.89 | +67.43 | +1.36% |
DAX | 12,417.85 | +102.19 | +0.83% |
Crude oil | $37.91 | -1.38% | |
Gold | $1,725.50 | -0.63% |
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 160.35 | 0.68(0.43%) | 3398 |
ALCOA INC. | AA | 11.65 | 0.10(0.86%) | 44464 |
ALTRIA GROUP INC. | MO | 41.15 | 0.06(0.15%) | 20685 |
Amazon.com Inc., NASDAQ | AMZN | 2,636.40 | 21.13(0.81%) | 30894 |
American Express Co | AXP | 106.26 | 0.64(0.61%) | 9869 |
AMERICAN INTERNATIONAL GROUP | AIG | 33.7 | 0.41(1.23%) | 2998 |
Apple Inc. | AAPL | 355.43 | 3.35(0.95%) | 407292 |
AT&T Inc | T | 30.9 | 0.12(0.39%) | 52058 |
Boeing Co | BA | 193.85 | -3.92(-1.98%) | 784770 |
Caterpillar Inc | CAT | 131 | 0.89(0.68%) | 16384 |
Chevron Corp | CVX | 94.44 | 0.41(0.44%) | 8079 |
Cisco Systems Inc | CSCO | 46.8 | 0.32(0.69%) | 28740 |
Citigroup Inc., NYSE | C | 54.75 | 0.30(0.55%) | 73350 |
Deere & Company, NYSE | DE | 159 | 0.70(0.44%) | 365 |
E. I. du Pont de Nemours and Co | DD | 54.54 | 1.41(2.65%) | 2634 |
Exxon Mobil Corp | XOM | 48.42 | 0.22(0.46%) | 62880 |
FedEx Corporation, NYSE | FDX | 137.91 | 2.37(1.75%) | 3400 |
Ford Motor Co. | F | 6.59 | 0.04(0.61%) | 359119 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 10.81 | 0.03(0.28%) | 17275 |
General Electric Co | GE | 7.49 | 0.02(0.27%) | 421872 |
General Motors Company, NYSE | GM | 28 | 0.22(0.79%) | 75119 |
Goldman Sachs | GS | 210.2 | 0.61(0.29%) | 5408 |
Google Inc. | GOOG | 1,451.00 | 8.28(0.57%) | 2696 |
Hewlett-Packard Co. | HPQ | 17.54 | 0.29(1.68%) | 342 |
Home Depot Inc | HD | 251.85 | 1.90(0.76%) | 6965 |
HONEYWELL INTERNATIONAL INC. | HON | 149.21 | 0.10(0.07%) | 257 |
Intel Corp | INTC | 60.74 | 0.34(0.56%) | 31089 |
International Business Machines Co... | IBM | 126.23 | 1.08(0.86%) | 10442 |
Johnson & Johnson | JNJ | 145.15 | 0.69(0.48%) | 3248 |
JPMorgan Chase and Co | JPM | 102.6 | 0.54(0.53%) | 74316 |
McDonald's Corp | MCD | 191.29 | 0.97(0.51%) | 7018 |
Merck & Co Inc | MRK | 77.7 | 0.73(0.95%) | 19265 |
Microsoft Corp | MSFT | 194.82 | 1.25(0.65%) | 125381 |
Nike | NKE | 99.9 | 0.86(0.87%) | 5374 |
Pfizer Inc | PFE | 33.56 | 0.16(0.48%) | 66969 |
Procter & Gamble Co | PG | 118.6 | 0.47(0.40%) | 973 |
Starbucks Corporation, NASDAQ | SBUX | 78.1 | 0.26(0.33%) | 14592 |
Tesla Motors, Inc., NASDAQ | TSLA | 985.39 | 3.26(0.33%) | 79243 |
The Coca-Cola Co | KO | 47 | 0.23(0.49%) | 13123 |
Twitter, Inc., NYSE | TWTR | 34.45 | -0.18(-0.52%) | 53426 |
UnitedHealth Group Inc | UNH | 295.98 | 2.98(1.02%) | 4573 |
Verizon Communications Inc | VZ | 56.95 | 0.03(0.05%) | 5167 |
Visa | V | 194.6 | 1.72(0.89%) | 12936 |
Wal-Mart Stores Inc | WMT | 119.98 | 0.33(0.28%) | 12215 |
Walt Disney Co | DIS | 119 | 0.56(0.47%) | 31139 |
Yandex N.V., NASDAQ | YNDX | 43.95 | 0.41(0.94%) | 505 |
Amazon (AMZN) initiated with a Buy at Needham; target $3200
McDonald's (MCD) target raised to $220 from $208 at Jefferies
Apple (AAPL) target raised to $390 from $345 at RBC Capital Mkts
S&P 500: Resistance at 3190 to cap the recovery, lengthier consolidation phase – Credit Suisse
FXStreet notes that S&P 500 has extended the recovery from the 200-day average at 3016 but analysts at Credit Suisse look for the top of the price gap from last week at 3190 to cap further strength near-term and for a consolidation/corrective phase to unfold.
“The S&P 500 has extended its recovery from its rising 200-day average, now at 3016, as well as the 23.6% retracement of the March/June rally and this leaves the market testing resistance from the price gap from last week, seen starting at 3124 and stretching up to 3190.”
“With daily MACD momentum still holding a bearish cross, we look for this latter 3190 resistance to then ideally cap for the unfolding of a broader consolidation range. Above 3190 can see the risk stay higher for a test of the potential downtrend from the February peak, today seen at 3219.”
“Support is seen at 3104 initially then the price gap from yesterday at 3076/66. Beneath here is needed to ease the immediate upside to reinforce the broader ranging scenario, with support then seen next at 3044 ahead of the 200-day average at 3016.”
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | 1051.26 | 22582.21 | 4.88 |
| Hang Seng | 567.14 | 24344.09 | 2.39 |
| KOSPI | 107.23 | 2138.05 | 5.28 |
| ASX 200 | 222.5 | 5942.3 | 3.89 |
| FTSE 100 | 178.09 | 6242.79 | 2.94 |
| DAX | 404.31 | 12315.66 | 3.39 |
| CAC 40 | 136.74 | 4952.46 | 2.84 |
| Dow Jones | 526.82 | 26289.98 | 2.04 |
| S&P 500 | 58.15 | 3124.74 | 1.9 |
| NASDAQ Composite | 169.85 | 9895.87 | 1.75 |