How does stock index futures trading work?
S&P 500 futures rose 1.75 points, or 0.03%.
Dow Jones Industrial Average futures fell 9 points, or 0.02%.
Nasdaq 100 futures fell 5.5 points, or 0.03%.
On Monday, the Dow Jones Industrial Average fell 398.51 points, or 0.94%, to 41,954.2, the S&P 500 index fell 55.13 points, or 0.96%, to 5,695.94, and the Nasdaq 100 index fell 234.28 points, or 1.17%, to 19,800.74. It became.
Stock futures fell on Monday due to a lack of clarity from the Chinese side on the broader economic stimulus package announced by the People’s Bank of China two weeks ago, leading to sharp falls in the Shanghai Composite Index and Hang Seng Index.
Zheng Shanjie, chairman of China’s National Development and Reform Commission (NDRC), did not provide details about the size and form of China’s economic stimulus package at a press conference Tuesday morning.
Excited investors were overwhelmed by Zheng’s speech amid expectations that the head of China’s economic planning agency would provide clarity on the Communist Party’s plans to revitalize the world’s second-largest economy. .
On Monday, the S&P 500 index posted its steepest decline in a month, with all sectors falling except energy, helped by recent oil price increases due to tensions in the Middle East.
Alphabet shares fell 2.44% after a US judge ruled that the owner of Google must open its Play Store to more competition from rival developers, leading to the Magnificent Seven led the decline.
Investors on Tuesday will focus on the release of the National Federation of Independent Business’ September Small Business Optimism Index and August Trade Balance, with key data released later this week.
PepsiCo’s financial results are expected to be released at the start of the third quarter earnings season.
