US equity futures are trading higher before the Wall Street session on Wednesday.
Major futures indicators are showing 1% gains.
SECRETS FOX ENTERPRISES BY CLICK HERE
On Tuesday, the late slump of the major tech firms caused the indices to drop across the board, breaking the S&P 500’s winning 7-day streak.
The lack of progress talks, analysts say, is discouraging over more economic aid to the US economy, coupled with concerns about the coronavirus pandemic and tensions between the US and China, has led investors to sell and take profits from recent profits.
Kamala Harris, a California senator with a law enforcement background that has caused some tension with the progressive left, was announced Tuesday as Joe Biden̵7;s running partner.
SLIDING STOCKS AS TRUSTED STOCKS
Before the transaction begins, the Bureau of Labor Statistics is expected to say that consumer prices rose 0.3% in July, half the monthly increase seen in June.
In Europe, London’s FTSE is up 0.8%, Germany’s DAX is down 0.1% and France’s CAC is up 0.3%.
In Asia, Tokyo’s Nikkei rose 0.4%, Hong Kong’s Hang Seng rose 1.4% and China’s Shanghai Composite lost 0.6%.
|Me: DJ||DOW JONES AVERAGES||27686.91||-104.53||-0.38%|
|I: COMP||NASDAQ COMPOSITE INDICATOR||10782.822689||-185.53||-1.69%|
Wall Street’s reversal caused the S&P 500 to lose 0.8%, at 3,333.69. The decline in tech stocks like Apple and Microsoft, coupled with the loss of healthcare and communications stocks, outperformed the rise of finance, industry and energy companies. .
Tech stocks have outstripped the rest of the market this year as investors bet they can still thrive in the accommodation economy.
The Dow Jones industrial average fell 0.4 percent and the Nasdaq lost 1.7 percent.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
The US crude oil price for September delivery rose 61 cents to $ 42.21 per barrel in electronic trading on the New York Mercantile Exchange. It fell 0.8% to $ 41.61 a barrel on Tuesday.
The Associated Press contributed to this article.