Futures rise, Micron earnings boost tech
Jun. 26, 2019 5:55 AM ETSPDR S&P 500 Trust ETF (SPY), QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA-OLD, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXVSPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA-OLD, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXVBy: Yoel Minkoff, SA News Editor35 Comments
- DJIA futures are ahead by 123 points, with stronger-than-expected earnings from Micron pushing Nasdaq futures up 0.8%, following a series of Fed comments that trimmed hopes of a big July rate cut and weighed down Wall Street benchmarks on Tuesday.
- Treasury Secretary Steve Mnuchin also helped sentiment overnight by stating a U.S.-China trade deal was "90% complete," adding "I think there's a path to complete this" when President Trump and Xi meet later this week at the G20 summit.
- Oil is up 1.9% at $58.90/bbl, gold is 0.7% higher at $1410/ounce and the 10-year Treasury yield is up 3 bps to 2.02%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, OTC:SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV