The founder of the Saut strategy, Jeff Saut, the chief strategist of Belpointe, David Nelson and Michael Lee, of the Michael Lee strategy in today’s markets.
US stock futures fell early Wednesday, after a day in which the Dow and S&P suffered the biggest losses in a month.
Nasdaq suggests a 0.3% decline and a smaller Dow decline.
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Wall Street closed on Tuesday for the second day in a row, driven by declining technology companies and banks. The S&P 500 returned 0.7%, bringing the index well below the record set on Friday.
Dow member Verizon will lead Wednesday’s earnings parade ahead of the opening bell. Investors will also look at the figures in Anthem, which is at the heart of managed care.
In Europe, the London FTSE added 0.4%, the German DAX gained 0.2%, and the French CAC rose 0.4%.
In Asia, Tokyo’s Nikkei 225 dropped 2%, Hong Kong’s Hang Seng fell 1.8%, and China’s Shanghai Composite Index was flat.
| Ticker | Security | The last one | Change | Change% |
|---|---|---|---|---|
| I: DJI | MEDIA DOW JONES | 33821.3 | -256.33 | -0.75% |
| SP500 | S&P 500 | 4134.94 | -28.32 | -0.68% |
| I: COMP | NASDAQ COMPOSITE INDEX | 13786.268055 | -128.50 | -0.92% |
On Tuesday, the S&P 500 closed at 4,134.94. The Dow Jones industrial average lost 0.8% to 33,821.30. After an early gain, the technologically strong Nasdaq fell 0.9% to 13,786.27.
Apple fell 1.3% as part of a broad slide in technology companies. Banks also accounted for a large share of sales, which came with declining bond yields, reversing the course after months of increases.
The 10-year Treasury yield fell to 1.56% from 1.60%.
Investors are in the middle of the first quarter profit season. About 80 S&P 500 members will report their results this week, as well as one in three Dow members. Wall Street will look to see if Corporate America is recovering with the rest of the economy after the coronavirus pandemic.
NETFLIX RESERVES AS A SUBSCRIBER GROWTH COOL
Netflix fell 10.6% in trading after the program, after the video streaming pioneer said it added 4 million subscribers worldwide from January to March, the lowest gain in that three-month period in the last four months. years.
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In other transactions, the US benchmark crude oil lost 71 cents to $ 61.98 a barrel in electronic trading on the New York Mercantile Exchange. It dropped 76 cents on Tuesday to $ 62.67 a barrel. Brent crude, the international standard, fell 68 cents to $ 65.89 a barrel.
The Associated Press contributed to this report