Stock market deadlines reduced losses but remained mixed after an economic data basket rolled in Wednesday morning.
MISCELLANEOUS COMMUNICATIONS ON ECO-DATA
Dow futures were 48 points, 0.1% lower, after the benchmark first exceeded 30,000 on Tuesday. S&P 500 futures barely changed, while Nasdaq futures were 0.2% higher.
|I: DJI||DOW JONES AVERAGES||30046.24||+454.97||+ 1.54%|
|SP500||S&P 500||3635.41||+57.82||+ 1.62%|
|I: COMP||NASDAQ COMPOSITE INDEX||12036.785414||+156.15||+ 1.31%|
GDP, LONG-TERM SOLID, UNEMPLOYED CLAIMS ACTION
Durable consumer goods rose 1.3%, better than expected at 0.9%, with growth of 1.5% excluding shipping recorded in October. The second reading of 3Q GDP was 33.1%, in line with the previous 33.2%.
Unemployment claims are slightly weaker, rising by 778,000, with more than 730,000 economists counting.
Early trading suggests that oil companies Exxon Mobil Corp. and Chevron Corp. were preparing for the withdrawal, despite West Texas Intermediate trading at 43 cents, $ 45.34 a barrel.
DOLLAR CORONAVIRUS LOSS IN BOMB IN RISKY MARKETS
Retailers, who have seen significant growth recently due to optimism about COVID-19 vaccination, have opened up sharply among Gap Inc. and Macy’s Inc. among the largest pre-market traders.
Nordstrom Inc. reversed the declining trend in the retail sector after the company turned to unexpected quarterly profits as digital sales totaled $ 1.6 billion in the three months to September, accounting for 54% of revenue. The store anticipates “accumulated customer demand” as the COVID-19 vaccine is distributed to the masses.
In other income, Deere & Co. reported stronger-than-expected quarterly results and forecast a higher fiscal year 2021 amid higher crop prices and an improvement in the fundamentals of the agricultural sector.
Meanwhile, shares of Tesla Inc. were headed for a higher opening after rising above $ 500 for the first time since September, when shares shared 5: 1.
In other economic reports, new home sales in October, personal income and spending, and consumer sentiment in November all cross the lines at 10 p.m.
The minutes of the Federal Reserve meeting earlier this month are due at 2 p.m.
CLICK HERE TO READ MORE IN THE RÓCSA STORE
European markets were generally lower, with the British FTSE 100 declining by 0.55%. Elsewhere, the German DAX 30 and French CAC 40 were 0.37% and 0.22% lower, respectively.
In Asia, Japan’s Nikkei 225 rose 0.5%, Hong Kong’s Hang Seng index rose 0.31% and China’s Shanghai Composite Index lost 1.19%.