The S&P 500 has prolonged at the moment’s achieve to 37 factors, or 0.75% after briefly buying and selling into destructive territory.
Shares opened larger at the moment however slid within the first two hours of buying and selling earlier than discovering a backside close to unchanged on the day. There are nonetheless almost 3 hours of buying and selling left and the bulls will not be declaring victory but.
As we speak after the shut, we get earnings from metal giants Nucor and Cleveland-Clffs, which may present some suggestions on the commercial financial system and auto demand however the larger numbers come tomorrow within the AM from UPS, GE, GM and Spotify, adopted by Tesla and Visa after hours.
This text was written by Adam Button at www.forexlive.com.
