U.S Stock market futures trading flat before the market open
The stock market futures mostly trading on the flat line today after the previous day bearish close. On Tuesday, IMF upgraded the 2021 growth from 5.5% to 6.0%. Economist seems placing economic recovery scenario will happen strongly in second-quarter toward the end of the year as vaccination progress looks promising.
Despite the situation, traders will focus on rising bond yield too. If the rate continues to increase then it could spook the market and started a bearish movement.
Asian & European Stock market
The Asian stock market traded mixed today. Japan stock market up 34.16 points (+0.12%) to 29,730.79, China stock market down 3.34 points (-0.10%) to 3,479.63 and Australia ASX 200 up 42.10 points (+0.61%) to 6,928.00. The European stock market also mixed. DAX Germany up 0.01%, UK FTSE up 0.76%, and Euro STOXX600 down 0.06%
Dow Jones Industrial Average (INDU)
DJIA index futures traded flat at the current time indicating that the index will continue holding out near the record high. If a bearish correction started then the 33,000 and 32,000 levels will become the focus. Without major bearish formation, traders will continue waiting sideline while holding long positions in equity.
Tilray Inc (TLRY)
TLRY share prices experienced major bullish pressure and reached as high as $67.00 before it turned lower. The share prices currently trading near $20.00 or one-third from the high. $20.00 is a major support level that might become the turning point of the share prices. However, if the share prices continue trading lower then traders will observe the daily SMA 100.