Wednesday , 13 November 2024
Home Forex S&P 500 rebounds, adds to gains
Forex

S&P 500 rebounds, adds to gains

The S&P 500 has extended today’s gain to 37 points, or 0.75% after briefly trading into negative territory.

Stocks opened higher today but slid in the first two hours of trading before finding a bottom near unchanged on the day. There are still nearly 3 hours of trading left and the bulls won’t be declaring victory yet.

Today after the close, we get earnings from steel giants Nucor and Cleveland-Clffs, which could provide some feedback on the industrial economy and auto demand but the bigger numbers come tomorrow in the AM from UPS, GE, GM and Spotify, followed by Tesla and Visa after hours.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Australia – “Wage inflation is moderating as expected”

In brief from WPAC's note:September quarter Wage Price Index below the RBA’s...

PBoC promised stronger damping to support CNY, and that’s what are seeing

Justin had the news from the People's Bank of China here on...

PBOC sets USD/ CNY mid-point today at 7.1991 (vs. estimate at 7.2305)

The People's Bank of China set the onshore yuan (CNY) reference rate...

Dogecoin catches a bid on Trump’s new DOGE department headed by Musk

Announcement here:Trump names Elon Musk, Vivek Ramaswamy to lead Department of Government...