U.S. stock-index futures tumble on Monday, as growing COVID-19 cases raised worries about new lockdowns and their implications for the economy. In addition, market participants feared that U.S. president Donald Trump's intention to move ahead with a new Supreme Court Justice nominee might destroy a chance of a stimulus agreement before the presidential election on November 3.
Global Stocks:
Index/commodity | Last | Today's Change, points | Today's Change, % |
Nikkei | 23,360.30 | +40.93 | +0.18% |
Hang Seng | 23,950.69 | -504.72 | -2.06% |
Shanghai | 3,316.94 | -21.15 | -0.63% |
S&P/ASX | 5,822.60 | -41.90 | -0.71% |
FTSE | 5,818.71 | -188.34 | -3.14% |
CAC | 4,825.52 | -152.66 | -3.07% |
DAX | 12,690.97 | -425.28 | -3.24% |
Crude oil | $40.12 | -2.41% | |
Gold | $1,927.50 | -1.76% |
FXStreet notes that S&P 500 has fallen as expected to test its key medium-term 63-day average, now at 3292. Although this is holding at present, the risk is seen for a close below 3292 with next supports seen at 3285/80 and then 3260/59, per Credit Suisse.
“The S&P 500 remains under pressure after completing a small bearish ‘reversal day’ at its 13-day exponential average and the decline has extended as expected for a test of its 63-day average at 3292.
“Although the 63-day average at 3292 is holding for now we are seeing key supports break for a range of other markets and sectors (notable Tech) and a break and close below 3292 is seen likely. If confirmed this should then see support next at 3285/80 and stretching down to the 23.6% retracement of the rally from March at 3260/59, which we look to try and hold. Should weakness instead directly extend, this would warn of a more protracted and deeper correction lower with support seen next at 3204/00.”
(company / ticker / price / change ($/%) / volume)
3M Co | MMM | 165.8 | -3.75(-2.21%) | 9522 |
ALCOA INC. | AA | 13 | -0.32(-2.40%) | 16869 |
ALTRIA GROUP INC. | MO | 39.7 | -0.14(-0.35%) | 36807 |
Amazon.com Inc., NASDAQ | AMZN | 2,905.00 | -49.91(-1.69%) | 111300 |
American Express Co | AXP | 99.9 | -3.54(-3.42%) | 7501 |
AMERICAN INTERNATIONAL GROUP | AIG | 27.27 | -0.72(-2.57%) | 30525 |
Apple Inc. | AAPL | 104.53 | -2.31(-2.16%) | 4744000 |
AT&T Inc | T | 28.71 | -0.22(-0.76%) | 266579 |
Boeing Co | BA | 158.17 | -2.97(-1.84%) | 331493 |
Caterpillar Inc | CAT | 149 | -3.39(-2.22%) | 16625 |
Chevron Corp | CVX | 76.34 | -1.87(-2.39%) | 32673 |
Cisco Systems Inc | CSCO | 39.46 | -0.35(-0.88%) | 114610 |
Citigroup Inc., NYSE | C | 43.43 | -1.43(-3.19%) | 483721 |
Deere & Company, NYSE | DE | 216.5 | -5.47(-2.46%) | 1508 |
E. I. du Pont de Nemours and Co | DD | 57.71 | -1.58(-2.66%) | 5583 |
Exxon Mobil Corp | XOM | 36.34 | -0.85(-2.29%) | 149067 |
Facebook, Inc. | FB | 247.48 | -5.05(-2.00%) | 266032 |
FedEx Corporation, NYSE | FDX | 238.5 | -4.28(-1.76%) | 25244 |
Ford Motor Co. | F | 7.08 | -0.15(-2.07%) | 242788 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 16.7 | -0.30(-1.76%) | 111492 |
General Electric Co | GE | 6.7 | -0.18(-2.62%) | 946749 |
General Motors Company, NYSE | GM | 30.39 | -1.11(-3.52%) | 155857 |
Goldman Sachs | GS | 189.31 | -5.55(-2.85%) | 53441 |
Google Inc. | GOOG | 1,437.11 | -22.88(-1.57%) | 9922 |
Hewlett-Packard Co. | HPQ | 18.57 | -0.38(-2.01%) | 1602 |
Home Depot Inc | HD | 269.47 | -5.72(-2.08%) | 7759 |
HONEYWELL INTERNATIONAL INC. | HON | 165.06 | -3.64(-2.16%) | 3173 |
Intel Corp | INTC | 49.43 | -0.46(-0.92%) | 205456 |
International Business Machines Co... | IBM | 120.7 | -2.06(-1.68%) | 30455 |
International Paper Company | IP | 41 | -1.05(-2.50%) | 2278 |
Johnson & Johnson | JNJ | 147.88 | -1.30(-0.87%) | 7683 |
JPMorgan Chase and Co | JPM | 94.8 | -3.55(-3.61%) | 399757 |
McDonald's Corp | MCD | 215.63 | -4.64(-2.11%) | 12110 |
Merck & Co Inc | MRK | 84.38 | -1.43(-1.67%) | 5165 |
Microsoft Corp | MSFT | 196.63 | -3.76(-1.88%) | 487652 |
Nike | NKE | 112.75 | -1.91(-1.67%) | 25616 |
Pfizer Inc | PFE | 36.27 | -0.36(-0.98%) | 76569 |
Procter & Gamble Co | PG | 135.92 | -1.45(-1.06%) | 4184 |
Starbucks Corporation, NASDAQ | SBUX | 83.06 | -1.89(-2.23%) | 23217 |
Tesla Motors, Inc., NASDAQ | TSLA | 450.61 | 8.46(1.91%) | 2602625 |
The Coca-Cola Co | KO | 49.71 | -0.74(-1.47%) | 37408 |
Travelers Companies Inc | TRV | 108.04 | -3.57(-3.20%) | 1920 |
Twitter, Inc., NYSE | TWTR | 39.49 | -0.66(-1.64%) | 62531 |
UnitedHealth Group Inc | UNH | 300.07 | -7.95(-2.58%) | 11701 |
Verizon Communications Inc | VZ | 59.95 | -0.40(-0.66%) | 22494 |
Visa | V | 198.7 | -3.91(-1.93%) | 40302 |
Wal-Mart Stores Inc | WMT | 136.28 | 0.99(0.73%) | 231564 |
Walt Disney Co | DIS | 125.2 | -3.43(-2.67%) | 64537 |
Yandex N.V., NASDAQ | YNDX | 59.38 | -1.59(-2.61%) | 10571 |
Boeing (BA) added to Conviction Buy List at Goldman; target $225
Raytheon Technologies (RTX) added to Conviction Buy List at Goldman; target $86
| Index | Change, points | Closed | Change, % |
|---|---|---|---|
| NIKKEI 225 | 40.93 | 23360.3 | 0.18 |
| Hang Seng | 114.56 | 24455.41 | 0.47 |
| KOSPI | 6.23 | 2412.4 | 0.26 |
| ASX 200 | -18.7 | 5864.5 | -0.32 |
| FTSE 100 | -42.87 | 6007.05 | -0.71 |
| DAX | -91.87 | 13116.25 | -0.7 |
| CAC 40 | -61.32 | 4978.18 | -1.22 |
| Dow Jones | -244.56 | 27657.42 | -0.88 |
| S&P 500 | -37.54 | 3319.47 | -1.12 |
| NASDAQ Composite | -117 | 10793.28 | -1.07 |