Civil unrest has overshadowed the coronavirus and China tensions
Dow Jones Industrial Average (DJI) futures are up around 150 points above fair value this morning, despite dipping overnight in the wake of U.S. President Donald Trump's statement that he will deploy the military if protests aroundthe country continue. As investors focus on states easing lockdowns, futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are both hovering above fair value, though many remain wary of civil unrestand U.S.-China tensions. Last night, New York Gov. Andrew Cuomo issued a curfew from 11 p.m. to 5 a.m. in New York City, in an effort to quell protests.
Continue reading for more on today's market, including:
Schaeffer's Senior V.P. of Research Todd Salamone breaks down the SPX and VIX levels to watch.Energy Transfer stock gained yesterday despite job cuts.Plus, Wells Fargo pumps the brakes on LULU; Slack sees an upgrade; and Marriott opens its hotels in China.Stocks in Asia closed higher on Tuesday, after coronavirus-related containment measures were eased, leaving investors excited about the reopening of economies. Japan's Nikkei tacked on 1.2%, as shares of financial giant SoftbankGroup extended Monday's gains. Meanwhile, Hong Kong's Hang Seng and South Korea's Kospi both added 1.1%, and China's Shanghai composite gained 0.2%.
Stocks in Europe are also climbing today, despite a backdrop of unrest in the U.S. and uncertainty around it's growing tensions with China. Making the biggest splash across thepond this morning is the German DAX, last seen up 3.7%. Additionally, France's CAC 40 is up 2.1%, while London's FTSE 100 was last seen 1% higher.