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Monday, November 30, 2020
HomeNewsMarketsFutures Markets Trading Higher Monday

Futures Markets Trading Higher Monday

Illustration of the stock market with the bull for a price growth and the bear for a price fall. The background is blue with a typical chart. (Photo: AdobeStock)
Illustration of the stock market with the bull for a price growth and the bear for a price fall. The background is blue with a typical chart. (Photo: AdobeStock)
Illustration of the stock market with the bull for a price growth and the bear for a price fall. The background is blue with a typical chart. (Photo: AdobeStock)

New York, N.Y. (PPD) — Futures markets were trading higher on Monday following declines on Friday driven by negative labor market data resulting from mitigation efforts to stop the spread of the Chinese Coronavirus (COVID-19).

As of 7:15 AM EDT, the Dow Jones Industrial Average Futures Index (USD) TR was +6.63, or 2.08% to 325.72.

The S&P 500 Futures Index TR was +8.21, or 2.29% to 367.36.

On Friday, the U.S. Bureau of Labor Statistics (BLS) reported the economy lost 701,000 jobs in March. The report didn’t cover the entire month.

On Sunday, Governor Andrew Cuomo, D-N.Y., said the state has seen its third day of declining total deaths. The rate of hospital discharges continue to outpace the rate of new hospitalizations.

UPDATE: U.S. equity markets are soaring higher on Monday amid signs the spread of the coronavirus (COVID-19) is slowing in New York, the epicenter for the nation.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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