Stock futures rebound from earlier losses after Trump criticizes the funding bill


US equity futures are trading at a high level before Wednesday’s market opening, with President Trump suggesting he may veto a $ 900 billion economic aid package.

Overnight, the futures index rebounded from a loss of 0.7% to an increase on the Dow futures of 0.2%.

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Trump criticized the Congress-approved aid plan. He urged the MPs to raise the payment from the public.

Meanwhile, the emergence of a new version of coronovirus in the UK caused a crack in investor nerves that spreads more easily. This has prompted some 40 governments to ban travelers from Britain.

BIDEN worked in the East-Middle East Coronavirus Rail Bill for the last minute.

With the Christmas holiday coming to a close, investors will have a whole plate of economic data that could affect the business.

Prior to the opening bell, preliminary jobless claims reports for the past week, personal income and expenses for November, and durable goods orders, will also be issued for November. Later in the morning, new home sales in November, consumer sentiment and energy inventions will be reported for December.

In Europe, London’s FTSE slipped 0.1%, Germany’s DAX rose 0.6% and France’s CAC rose 0.5%.

In Asia, Nikkei grew 0.3% in 225 in Tokyo, 0.9% in Hang Seng in Hong Kong and 0.8% in China’s Shanghai Composite Index.

Investors are hopeful that Congress may institute a new aid package until the rollout of the coronovirus vaccine allows it to revive business and consumer activity.

The anchor Security last Change Change %
Me: DJI Dow jones average 30015.51 -200.94 -0.67%
SP500 S&P 500 3687.26 -7.66 -0.21%
Me: comp NASDAQ Composite Index 12807.918218 65.40 + 0.51%

The S&P 500 dropped to 3,687.26 on Tuesday. About 65% of companies fell in the index. Communications services, financial and other companies accounted for a lot of sales. Tech companies grew. The Dow Jones Industrial Average closed 0.7% down at 30,015.51. The Nasdaq Composite rose 0.5% to a record 12,807.92.

Two reports were added on Tuesday to discourage economic data.

One showed that consumer confidence fell more than expected this month. Another showed that the red-hot housing market is slowing down.

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In energy markets, benchmark US crude on the New York Mercantile Exchange fell 4 cents to $ 46.98 a barrel. The contract fell 72 cents to $ 47.02 on Tuesday. Brent crude in London was down 3 cents to $ 50.05 a barrel in international oil pricing. It shed 83 cents a barrel to $ 50.08 a barrel in the previous session.

The Associated Press contributed to this report.

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