U.S. stock indexes will try to gain again today
Dow Jones Industrial Average (DJI) futures are pointing to a positive open for stocks this morning after the historic two-day coronavirus-inspired sell-off. However, traders will likely remain on edge throughout the session, given how quickly equities gave up early morning gains on Tuesday. What's more, President Donald Trump has said he will be holding a press conference on coronavirus this evening. Investors in the meantime will be digging through a number of quarterly releases this morning.
Continue reading for more on today's market, including:
Schaeffer's Senior Quantitative Analyst Rocky White explains why copper's fall may not matter for stocks. Inside Home Depot's earnings beat. Plus, 3 names to watch post-earnings.
Asian markets finished lower as the coronavirus continues to spread on a global level. The Shanghai Composite and the Japanese Nikkei both shed 0.8%, while South Korea's Kospi lost 1.3%. Rounding out the region, Hong Kong's Hang Seng fell 0.7%, after the city revealed its $15.4 billion budget.
Over in Europe markets are also struggling, as the virus continues to spread throughout Italy and now France, with the latter reporting its second coronavirus-related death today. At last check, the French CAC 40 has lost 0.4%, the London FTSE 100 is down 5%, and the German DAX is off 0.6%.