US Stock Futures : Premarket Stock Trading LIVE Updates
US STOCK FUTURES
- Level : 35,742.00
- Fair Value : 35,741.52
- Implied Open : 0.48
S&P 500 FUTURES
- Level : 4,700.50
- Fair Value : 4,697.96
- Implied Open : 2.54
- Level : 16,399.50
- Fair Value : 16,364.70
- Implied Open : 34.80
At the start of a trading week shortened by the Thanksgiving holiday, investors in US stock futures were cautiously optimistic about the economic rebound.
A 0.27 percent gain in S&P 500 futures was seen, following Friday’s modest dip in the benchmark index. Nasdaq 100 futures were up 0.31 percent and Dow futures were up 0.25 percent, signalling an upbeat start to the day. Markets in the United States will be closed on Thanksgiving Day and will reopen on Friday morning.
European markets were generally optimistic, despite the fact that governments were considering reimposing pandemic restrictions in light of the sharp rise of COVID-19 cases. In early trade, the continent-wide Stoxx 600 gained 0.16 percent.
Overnight, China’s CSI300 stock index gained 0.46 percent, while Tokyo’s Nikkei 225 index jumped 0.09 percent. Hang Seng index was down 0.39 percent in Hong Kong.
Even though inflation in the United States has touched a 31-year high and has risen rapidly in other advanced nations, central banks are considering rolling back their stimulus packages. Despite this, the stock market continues to rise.
According to Federal Reserve Vice Chair Richard Clarida, the US economy is in a “very good position” as of Friday. He said that the Federal Reserve could begin to reduce its asset purchases more rapidly. The minutes from the central bank’s November meeting are scheduled to be released on Wednesday, and investors are eagerly awaiting their findings.
There is also speculation about Joe Biden’s decision for the next Fed chairman, with Jerome Powell and Lael Brainard seen as the frontrunners. This week, Biden is anticipated to make a choice.