Stock Futures – Stock futures mixed as Fed meeting looms
America store Futures were mixed on Monday morning as key averages edge past record highs federal Reserveupcoming meeting.
The Dow Jones Industrial Average futures fell 40 points, or 0.12%, while the S&P 500 futures and Nasdaq 100 futures rose 0.04% and 0.32%, respectively. The S&P 500 ended Friday at an all-time high as both the Dow and Nasdaq closed at their respective record highs.
The Federal Reserve will begin a two-day meeting on Tuesday, and while the central bank is not expected to make any changes to its policy, traders will be paying close attention to its language around inflation and when it begins to ease its asset purchase program. could.
Markets are leaving little room for the Fed to be wrong on inflation
Among stocks, Novavax Inc. said on Monday that its COVID-19 vaccine was more than 90% effective And it intends to file for the US Food and Drug Administration during the third quarter. If the vaccine is approved, it would be the fourth to be given the green light by US regulators.
Tesla CEO Elon Musk said that his company will resume accepting bitcoin once “reasonable (~50%) clean energy use is confirmed by miners”. The electric-car maker stopped accepting cryptocurrencies in May, nearly two months after allowing the use for payments.
Royal Dutch Shell Plc is considering the sale of its assets in the Permian Basin, the largest US oil field, as it looks to reduce its greenhouse gas emissions, Reuters reports.
Still, oil companies were largely higher as West Texas Intermediate crude climbed 46 cents to $7.137 a barrel, its highest level since October 2018.
Meanwhile, gold fell by $ 23.50 to $ 1,856.10 an ounce.
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Foreign markets remained broadly higher.
In Asia, Japan’s Nikkei 225 rose 0.74% and Hong Kong’s Hang Seng index rose 0.36%. China’s Shanghai Composite remained closed for the holiday.