At
the current levels, the benchmark index is set to open about 12
points below its Feb. 19 record peak of 3,393.52.
A rally in technology and tech-related companies including
Amazon.com <AMZN.O>, Netflix Inc <NFLX.O> and Apple Inc <AAPL.O>
that thrived during the shutdowns helped the Nasdaq reclaim its
all-time high in June, while the blue-chip Dow remains about 6%
below its peak.
Market participants are now eager to see an agreement on the
fifth federal aid bill to support about 30 million unemployed
Americans as the battle with the health crisis was far from over
with U.S. cases surpassing 5 million last week.
The S&P 500 closed less than 1% below its record high on Monday
as investors extended a rotation into value stocks from
heavyweight tech-related names.
At 6:11 a.m. ET, S&P 500 e-minis <EScv1> were up 23.25 points,
or 0.69%, topping an all-time high of 3,372.25 points last hit
on Feb. 20.
Dow e-minis <1YMcv1> were up 278 points, or 1% and Nasdaq 100
e-minis <NQcv1> were up 64 points, or 0.58%.
(Reporting by Medha Singh, Amabr Warrick and Sagarika
Jaisinghani in Bengaluru; Editing by Arun Koyyur)
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