29.06.2020 S&P 500 Daily Analysis

29.06.2020 S&P 500 Daily Analysis

Futures tracking the S&P 500 and the Dow Jones indexes edged higher on Monday following a selloff on Wall Street last week as investors weighed hopes of more stimulus and improving data against a resurgence in global coronavirus cases.Wall Street's major indexes had tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to the surge in COVID-19 cases. The benchmark S&P 500 (SPX) has rallied since a coronavirus-driven crash in March, up about 16% since April and set for its best quarter since 1998, partly on a raft of U.S. fiscal and monetary stimulus. At 6:44 a.m. ET, Dow Jones were up 54 points, or 0.22%, S&P 500 e-minis were up 1.75 points, or 0.06%.