Post by Dave on Sept 28, 2020 1:59:22 GMT -8
Good morning. We’re starting this week with a green pre-market at +$2.01 at this moment. Let the party begin.
Judge temporarily blocks U.S. ban on TikTok downloads from U.S. app stores
Premarket: Apple is green
Judge temporarily blocks U.S. ban on TikTok downloads from U.S. app stores
U.S. District Judge Carl Nichols granted a preliminary injunction sought by TikTok owner ByteDance to allow the app to remain available at U.S. app stores, but declined "at this time" to block additional Commerce Department restrictions that are set to take effect on Nov. 12 that TikTok has said would have the impact of making the app impossible to use in the United States.
Premarket: Apple is green
U.S. stock futures rose Monday, suggesting that the market may recover some ground following four consecutive weeks of declines.
Futures tied to the S&P 500 rose 0.8%. The benchmark is down almost 6% so far this month. Contracts tied to the tech-heavy Nasdaq-100 index ticked up 0.9%.
The Cboe Volatility Index, a measure of expected swings in the S&P 500, climbed on Monday. Investors’ concerns about rising or elevated levels of coronavirus infections, the uneven pace of economic recovery, political risks and continued tensions between Beijing and Washington have increased the turbulence in the market this month.
Traders are betting on one of the most volatile U.S. election seasons on record, wagering on unusually large swings in everything from stocks to currencies. Investors are scooping up a variety of investments that would pay out if volatility extends far beyond Election Day itself, concerned that the outcome of the presidential contest could remain unclear into December.
“It’s a very different environment than that we’ve seen for any other election,” said James McCormick, a strategist at NatWest Markets. “As an investor, you have to protect yourself because you just don’t know how this is going to swing.”
My take: I’m uneasy about everything this morning.
Futures tied to the S&P 500 rose 0.8%. The benchmark is down almost 6% so far this month. Contracts tied to the tech-heavy Nasdaq-100 index ticked up 0.9%.
The Cboe Volatility Index, a measure of expected swings in the S&P 500, climbed on Monday. Investors’ concerns about rising or elevated levels of coronavirus infections, the uneven pace of economic recovery, political risks and continued tensions between Beijing and Washington have increased the turbulence in the market this month.
Traders are betting on one of the most volatile U.S. election seasons on record, wagering on unusually large swings in everything from stocks to currencies. Investors are scooping up a variety of investments that would pay out if volatility extends far beyond Election Day itself, concerned that the outcome of the presidential contest could remain unclear into December.
“It’s a very different environment than that we’ve seen for any other election,” said James McCormick, a strategist at NatWest Markets. “As an investor, you have to protect yourself because you just don’t know how this is going to swing.”
My take: I’m uneasy about everything this morning.