US futures forecast a slightly lower opening for Wall Street on Monday. At lunchtime, the S&P 500 index and Nasdaq were about 0.2 percent in the red. The Dow Jones index was marginally higher.
On Friday, the three indexes closed even higher, but a narrow loss remained on a weekly basis. The S&P 500 and Dow Jones index did reach all-time highs in the meantime, but were ultimately unable to sharpen their record levels.
According to market experts, investors are somewhat nervous about the sharp rise in the number of corona infections in India and Japan, which is causing concern about the global recovery. Netherlands Crypto prediction is popular.
“This is a clear setback and creates significant uncertainty,” said JPMorgan Asset Management market strategist High Gimber.
Monday is a quiet start to a week that will also be dominated by the Federal Reserve’s interest rate decision, the official unveiling of President Joe Biden’s tax plans and more corporate figures.
On a macroeconomic level, only durable goods orders are on the agenda for March in the US today. Market experts expect a recovery after a dip in February.
The euro / dollar was trading at 1.2097 around noon. Oil traded nearly 2 percent lower at around $ 61.
Bitcoin bounced back on Monday. The crypto coin rose 11 percent and was therefore worth more than $ 53,500. Last week, bitcoin lost 18 percent after Biden’s tax plans leaked.
This afternoon Caterpillar opens the books and after the end of Wall Street it is Tesla’s turn.
The maker of electric vehicles already showed strong production figures at the beginning of this month. Analysts consulted by FactSet forecast first quarter adjusted earnings per share of $ 0.75 and revenue of $ 10.4 billion. In the fourth quarter of 2020, Tesla had adjusted earnings per share of $ 0.80 and sales of $ 10.7 billion. Crypto prognose Germany is popular.
Later this week it will be the turn of other tech heavyweights such as Microsoft, Alphabet, Facebook, Apple and Amazon, and Boeing, General Electric, Qualcomm, McDonald’s, Chevron and Exxon Mobil, among others, will also open the books.
Final positions Friday
Stock markets on Wall Street entered the weekend positively on Friday. The S&P 500 was up 1.1 percent from a close of 4,180.17 points, the Dow Jones index gained 0.7 percent to finish at 34,043.49 points and the Nasdaq was up 1.4 percent from a close of 14,016.81 points.