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HomeStockFutures in US stocks increase why?

Futures in US stocks increase why?

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US stocks futures were higher on Tuesday morning after the major averages came under pressure from Covid protests in China

After Covid protests in China put pressure on the major averages, US stocks futures were higher on Tuesday morning as investors looked forward to additional economic data and remarks from Federal Reserve leaders this week.

Futures again for Dow Jones Industrial Average rose 72 points or 0.21%. S&P 500 and Nasdaq 100 futures both increased by 0.35% and 0.51%.

During Monday’s regular session, the Dow Jones Industrial Average fell 497.57 points or 1.45%. The Nasdaq Composite ended lower by  1.58% and the S&P 500 fell by 1.54%.

US stocks – Global markets were affected by growing discontent in mainland China over the nation’s zero-Covid policy. West Texas Intermediate crude futures experienced their briefest decline since December last year on Monday.

There are some good reasons to exercise caution. 

“I believe it’s a type of balanced risk-reward,” Trivariate Research’s Adam Parker said on CNBC’s  “Closing Bell: Overtime” on Monday. “The market has rallied a lot this quarter, and there are some concerns that things are going to slow down,”

In order for them to collect the small profit they had made during the quarter, he continued, “I believe there was an excuse with perhaps some anxieties about the slowdown in China.

On the economic front, traders will keep an eye on the S&P CoreLogic Case-Shiller Home Price Index’s September reading,  which is scheduled to be released on Tuesday before the bell. 

Investors will learn from the report how the housing market is being impacted by increasing interest rates. Over the previous month, there was a 13% increase in home prices.

The most recent reading of consumer confidence will be made public at 10 a.m. ET. 

On Tuesday after the bell, Wall Street will be anticipating the most recent corporate earnings figures from Hewlett Packard Enterprise.

On Wednesday, Fed Chair Jerome Powell will give a speech at the Hutchins Center on Fiscal and Monetary Policy in Brookings. Investors will be keeping an eye out for information regarding the central bank’s battle against inflation.

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