From Nasdaq: 2024-06-20 07:11:51

Market Update: June futures for the S&P 500 and Nasdaq 100 are up this morning, continuing the positive trend from Tuesday’s trading session where Wall Street reached new highs. Positive earnings reports from companies like Nvidia and Micron contributed to the uptrend, while Lennar Corporation disappointed with weaker guidance.

Fed Speak: Various Fed officials, including New York Fed President John Williams and St. Louis Fed President Alberto Musalem, weighed in on the economy’s progress and the potential for rate cuts later this year, citing the need for continued data analysis. Market expectations for rate cuts are mixed.

Market Focus: Euro Stoxx 50 futures are up, German PPI data showed a slight decline, and Asian markets settled mixed. China’s Shanghai Composite Index closed lower, while Japan’s Nikkei 225 closed higher. Chinese automakers urge higher tariffs on European cars, and Japan considers changes to its debt issuance plan. Market volatility remains a factor.



Read more at Nasdaq: Stocks Climb Before the Open as Investors Await U.S. Economic Data, BoE Decision in Focus