U.S stock futures moderately bullish
Hope on coronavirus effective vaccine and prospect of economic recovery bring the global stock market higher today. However, experts said it is not clear yet if the vaccine could become the effective measures against coronavirus. In the meantime, the market cautiously positive as Lowe’s reported better than expected earnings result. Lowe’s reported:
- Earnings per share: $1.77, adjusted vs. $1.32 expected
- Revenue: $19.68 billion vs. $18.32 billion expected
- Same-store sales: up 11.2% vs. 3.3% expected
Asian & European Stock market
The Asian stock market mixed today. Japan stock market up 161.70 points (+0.79%) to 20,595.15, China stock market down 14.84 points (-0.51%) to 2,883.74 and Australia ASX 200 up 13.50 points (+0.24%) to 5,573.00. The European stock market mostly positive. DAX Germany up 0.56%, FTSE UK up 0.51%, Euro STOXX 600 up 0.42%
Dow Jones Industrial Average (INDU)
DJIA closed above 24,250 resistance level on Monday trading day. However, the index move back lower and closed near the level. Not much change yet at the current time, the index might continue trade near 22,500 – 24,250 range. However, the DJIA futures currently up more than 300 points which indicate possible bullish continuation.
Carmax Inc (KMX)
KMX share prices continue moving upward in a bullish corrective movement. The share prices have reached the level near SMA 200 and show a bearish reaction. Without bullish close above the averages, KMX might start moving lower again and start a new bearish leg.