January 30, 2020 8:12am
Pre-open indications: “Waiting for Godot”
My version of the morning’s numbers is written to be informative; it’s includes what happened or will beyond the headline and shapes today’s markets as seen by RMi - SUBSCRIBE
Dow future are DOWN -0.75% (-215 points), S&P futures are DOWN -0.78% (+-26 points) and NASDAQ futures are DOWN -0.61% (-56 points)
U.S. stock index futures fell sharply on Thursday as the death toll from the coronavirus continues to rise in China, stoking fears about the virus’ impact on global economic growth;
European markets tumbled weighed on by a rising coronavirus death toll and reacting to the U.S. Fed’s decision to keep interest rates on hold;
Asia Pacific markets fell as the U.S. Fed kept interest rates on hold and investors continued to watch for developments on the ongoing coronavirus outbreak.
The coronavirus continues to be a focus for international markets; the outbreak has already taken more than 170 lives and infected more than 7,711 in China, according to the latest update by China’s National Health Commission.
Markets becoming more concerned about future earnings and economic growth.
Wednesday night’s post’s title: “careful as the sector trends. Low volume, small digit percentage (%) moves as the Advance/Decline (A/D) line barely moves”
- the NASDAQ closed UP +5.48 points (+0.06%)
- the IBB closed down -0.08% and XBI closed down -0.21%
- The range of the 18 upside was +0.33% (CLBS) to +2.80% (ALNY) while the 17 downside ranged from -0.06% (VCEL) to -5.41% (ADRO);
- 2 out of the 18 upside had higher than the 3-month average volume;
- 2 out of the 17 downside had higher than the 3-month average volume;
January registered 10 positive, 7 negative closes and 2 holidays, to date.
- December register 11 negative and 10 positive closes
- November registered 1 holiday, 12 positive and 8 negative close;
- October registered 10 positive, 1 neutral and 14 negative closes;
Companies in my headlights – It’s your decision; I provide an idea and context:
Pre-open indications: NONE
Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.
Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors. All investments are subject to risks. Investors should consider investment objectives.
Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.