Hermes News promo

Futures Take off on Recovery from Tuesday

U.S. stock futures were higher Wednesday as Wall Street tried to regain its footing following a decline in the previous session.

Futures for the Dow Jones Industrials vaulted 63 points, or 0.2% to 35,458.

Futures for the S&P 500 gained 11.5 points, or 0.3%, to 4,530.

Futures for the NASDAQ took on 42 points, or 0.3%, to 15,396.25.

Penn Entertainment surged nearly 15% after the casino company said it’s launching an online sportsbook with ESPN, called ESPN Bet, this fall.

The losses came after Moody’s downgrade of several regional banks dampened investor sentiment. Some market participants were concerned the signal could spell more trouble for markets ahead, but others say the pullback is expected given the extraordinary rally in equities this year.

Roblox is set to report earnings results before the open Wednesday. Entertainment giant Disney and casino operator Wynn Resorts are slated to post quarterly results after the close.

In Japan, the Nikkei 225 retreated 0.5% Wednesday, while in Hong Kong, the Hang Seng picked up 0.3%.

Oil prices progressed 74 cents to $83.66 U.S. a barrel.

Gold prices sank $2.90 to $1,957 U.S. an ounce.

Source link

About The Author