Global markets pushed farther into record territory on Tuesday as prices for oil, copper, and other commodities rallied following the announcement of wide-ranging stimulus measures from China’s central bank.
- S&P 500 Futures: 5,787.25 ⬆️ up 0.18%
- S&P 500: 5,734.46 ⬆️ up 0.3%
- Nasdaq Composite: 18,076.10 ⬆️ up 0.6%
- Dow Jones Industrial Average: 42,221.58 ⬆️ up 0.2%
- FTSE 100: 8,282.76 ⬆️ up .28%
- STOXX Europe 600: 519.07 ⬆️ up 0.81%
- Nikkei 225: 37,940.59 ⬆️ up 0.57%
- SSE Composite Index: 2,862.41 ⬆️ up 4.15%
- Bitcoin: $64,377.70 ⬆️ up 1.58%
China: Stimulus boosts global markets
Chinese stocks soared, with the SSE Composite Index rising over 4% after the People’s Bank of China announced a series of stimulus measures to support the slowing economy.
Europe: Riding the wave from China
European markets also rallied, with the STOXX Europe 600 gaining 0.81% to close at 519.07. The positive sentiment from China’s stimulus measures carried over into European trading, providing a lift across major indices.
Japan: Moderate gains on China news
Japan’s Nikkei 225 gained 0.57%, closing at 37,940.59, as investors welcomed China’s efforts to stabilize its economy.
S&P 500, Dow, and Futures: New highs and continued optimism
The S&P 500 continued its climb on Tuesday, rising 0.3% to close at another record high of 5,734.46. The Dow Jones Industrial Average also edged up 0.2%, reaching a new high of 42,221.58. Both indexes have been bolstered by optimism surrounding the Federal Reserve’s recent rate cuts and strong corporate earnings. Tesla’s 4.9% surge on Monday, driven by optimism about its upcoming earnings, helped propel the broader market higher.
S&P 500 futures still moving upward
S&P 500 Futures continued their upward momentum on Tuesday, rising 0.18 percent to 5,787.25 and continued climbing on news from China.