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Economic

Head and Shoulders Pattern Forming on the DXY Dollar IndexWhen the dollar is running, most other assets are dropping. This has been my experience in the markets and is why the DXY is on my watchlist and is ALWAYS one of the first charts that I check before jumping into the markets. When the DXY is high, that means that people are demanding dollars, and when it's dropping, those dollars are flowing into other assets. Learning to watch the DXY and it's movements will give you some good edge in the markets. Not everything will be effected. There are always other market conditions to watch for, news, etc that can move the markets as well, but keeping your eye on what the USD is doing is certainly something you want to add to your trading routine. So the Head and Shoulders pattern is a strong reversal pattern in the markets. Nothing is ever 100% and the pattern could fail, so you always have to be ready for that. The regular Head and Shoulders is a bearish reversal pattern meaning we have found the local top in that market at that time. An Inverted Head and Shoulders pattern is the opposite. It usually shows at a market bottom and indicates the possibility of bullish movement. What we see here is that the DXY is knocking on the door of a breakout of this pattern and if it keeps going up, well, you will want your trading account to be in the dollar, or looking for shorting opportunities in other assets like crypto and FOREX pairs, that is if you are trading futures or options. If you are trading spot, this is the time to be in the dollar and waiting for your chosen asset to hit a fire sale clearance price, then go in an scoop up what you can with what you have! Of course none of this is financial advice, just some things I have learned along my journey in this crazy world of trading that has helped me make some successful trades. As always make sure you have a solid risk management plan before diving into the deep end! Doing this will help you gain some edge in the markets and trade logically!
TVC:DXY
by thelogicaldude
SPY- Bearish- UpdateHas been a while since I've posted an update on the SPY as a lot has transpired in financial markets over the past few weeks, and months. The SPY has been trading significantly under its average daily volume, which has primarily been the driving force behind the momentum in my opinion. On the other hand, the SPY is holding a nice symmetrical triangle on the weekly timeframe. Nonetheless, buyers and sellers continue to battle, however, on the daily timeframe the SPY is overbought on the RSI, and two Bearish Megaphones are currently still playing out. The SPY is yet again, at a make-or-break spot in my opinion. If we see another leg down, we could see a re-test of the COVID-19 trendline support. As I've said before and will happily say again, where I stand, we're in unchartered territory - Just some support and resistance levels to keep an eye on in the interim, along with some RSI-based supply and demand zones, staying hedged. --Previous Charts Attached In Description -- Weekly Timeframe Daily Timeframe Covid-19 Trendline Support
AMEX:SPYShort
by jacobosiason7
BTC Economic cycleso as i indicated here , we have 4 phases in each economic cycle : 1- expansion : it happens when the masses believe in future this asset will come in handy or valuable . so as the rally already started by those who joined earlier cause of their connections now retailers enter this market . 2- peak : its the very place that first by whales distributing and masses buying at higher and higher prices and then masses scared of no demand area , price starts going downhill . 3- contraction : where now retailers sell for lower and lower prices . price goes bellow actual value of the asset and then ; 4- trough : where whales and actual characters who play right start accumulating . we are currently in the beginning of the EXPANSION era , but would we reach 100k$ this year ? i Honestly don't think so . but we shall let this be decided later , as for now : i believe bear market has ended .
CRYPTO:BTCUSDLong
by hamidking82
Commodity Outlook: Cyclical pressures vs structural strengthsCommodities have been enjoying a strong revival in recent years, with broad commodities returning 27% in 2021 and 15% in 2022. A combination of fiscal and monetary support in the early phases of the COVID-19 pandemic helped to soften the damage to demand from one of the deepest economic shocks in modern times. As COVID-19 restrictions lifted, commodity demand bounced back strongly. In 2022, the Ukrainian invasion presented a supply shock, restricting energy and agricultural product supplies and further supporting commodity prices. Whilst many developed world central banks tightened monetary policy in the first half of 2022, inflationary pressures became the most extreme since 1981. Commodities proved again to be one of the best asset classes to hedge this extreme inflation. After arguably falling behind the curve, developed world central banks sought to get ahead and became the most hawkish since the early 1980s. Commodities emerged as a refuge in the storm. Cyclical headwinds have emerged Commodities, often seen as a late-cycle asset performer, struggled in late-2022. Energy prices, which had been propelling the asset class, declined by Q3 2022, joining metals, which had been weak since Q1 2022. Economic deceleration resulting from monetary tightening in developed nations weighed on the asset class. Composite lead indicators (CLIs)—designed to provide early signals of turning points in business cycles—turned decisively even before 2022 started. Commodity performance peaked later in 2022. CLIs are still declining, indicating the cyclical headwinds faced by commodities are still present. China reopening to counter economic headwinds elsewhere The global economic rebound experienced in 2021 and 2022, and the accompanying commodity rally, occurred largely without China’s contribution. Chinese policy makers pursuing a zero-COVID policy up until November 2022 hamstrung their economy, and growth was disappointing. Although Chinese exports remained relatively strong due to international demand for Chinese goods, constant supply disruptions restrained export volumes during the zero-COVID period. Now that China has abandoned its zero-COVID policies, domestic economic activity is picking up strongly. In fact, the January and February prints of Purchasing Manager Indices (PMIs) in 2023 look encouraging. Both manufacturing and non-manufacturing PMIs rose clearly above 50 (the demarcation between growth and contraction). The February figure (released on 01/03/2023) showed manufacturing PMIs hitting levels not seen since 2012, underscoring that the domestically driven recovery is reaching industry as well as services (manufacturing is more commodity-intense than services, so that is arguably the most important of two indicators). What about the commodity supercycle? We believe commodities should see long-term structural support from an energy transition and an infrastructure spending rebound. Furthermore, these catalysts could drive another supercycle in commodities. Supercycles coincide with periods of industrialisation and urbanisation when the supply of commodities failed to keep up with the growth in demand. The last supercycle occurred after China joined the World Trade Organization in 2001, which turbocharged development as barriers to commerce were removed. After two strong years of commodity market performance (2021 and 2022), could we be on the cusp of another supercycle? We believe there are some strong structural underpinnings but, for now, business cycle dynamics (including a rising risk of recession) could dominate price behaviour in the short term. Energy transition In a scenario where net zero emissions are targeted by 2050 in order to limit temperature increases to 1.5 degrees Celsius above pre-industrial levels, we should see a significant rise in demand for metals. Metals are critical for the manufacture of batteries, electrification of power energy consumption, electrolysers, heat pumps, and other technologies needed for the energy transition. International Energy Agency data indicates that, in a net zero emissions scenario, supplies of critical materials are going to be woefully short of demand, both in terms of mining and material production. Infrastructure rebound In the US, three Acts with partially overlapping priorities - the Bipartisan Infrastructure Bill (2021), the CHIPS and Science Act (August 2022), and the Inflation Reduction Act of 2022 (IRA, August 2022) – have a combined budget of close to US$2 trillion in federal spending and the infrastructure intensive projects are only just starting. Just looking at the energy funding from the Bipartisan Infrastructure Bill and the Inflation Reduction Act, a total of US$370 billion is earmarked to be spent over the next 5 to 10 years, primarily to facilitate the clean energy transition. The IRA encourages the procurement of critical supplies domestically. In order to meet the supply chain requirements, we expect large infrastructure spending on mineral extraction, processing and manufacturing. The European Union’s REPowerEU plan—designed to wean the economic bloc off Russian hydrocarbon dependency—will also require a large spend on energy infrastructure. The EU is already building liquified natural gas capacity at breakneck speed, aiming to expand capacity by one-third by 2024.1 The EU estimates that delivering the REPowerEU objectives will require an additional investment of €210 billion between 2022 and 2027. The green industrial ‘arms race’ takes off After decades of underspending for the climate policy goals governments have signed up to, we may be witnessing a tipping point. Some of the protective features of IRA (regional sourcing requirements) may propel tit-for-tat policies that drive local sourcing elsewhere. Many nations recognising China’s dominance in critical materials had already been designing policies to mitigate the risk of overreliance on the country. This process is likely to drive an upsurge in ex-China green infrastructure spending globally. Conclusions After several years of commodity market outperformance, the asset class is already experiencing cyclical headwinds. However, a China reopening is likely to mitigate some of these pressures, and we are seeing tentative evidence of China’s economy rebounding. Commodities are likely to be underpinned by global policy support for an energy transition. Whilst general infrastructure spending may also face cyclical headwinds this year, green infrastructure spending is likely to lead to a new ‘arms race’ as countries compete to support their industries and maintain energy/resource security.
CBOT:AW1!
by aneekaguptaWTE
UBIX is a Silent bomb! This is why:The collaboration with the Acceleration Group: Surveillance footage notarized by silent notary (build on the Ubix network) is a huge accomplishment! The Acceleration Group is far from a small company if you know what it is.... Just insane! Also the collaboration with Langia, just amazing...! The REAL USE CASE the Ubix Network Team is providing is just stunning! People, UBX is/was hidden for a reason. I have no doubt this protocol is going to explode in the near future. It provides an actual real life use cases on global scale... And will provide much more in the future. The growth of the protocol is from self speaking. USE CASE + USE CASE + USE CASE + GLOBE = ECONOMIC GROWTH TREMENDOUSLY! Fundamental UBIX passes the test! Mind blowing!
ULong
by UnknownUnicorn27344900
2
SPY- Bullish Reversal - UpdateThe SPY closed out the week strong after finally getting some strong bullish momentum as a result of the CPI & Jobless Claim Data that came out on Thursday. If CPI continues to decrease as it did, I can certainly see the SPY gaining even more traction and finally breaking out of the bearish megaphone that it has been holding since November 2021. Subsequently, the SPY closed on Friday reclaiming both its 50, and 100-Day SMA's, as well as having the EMA's starting to curl upwards. The SPY is currently flagging on the weekly timeframe and couldn't look better at the moment, while there's a potential for a slight rising wedge to have formed, the plethora of bullish technical, and fundamental indicators will invalidate this wedge even if it does fully form (See Attached Chart Below). On top of this, there is a considerable amount of hidden bullish divergence on the RSI as well as a bullish ABCD Harmonic Pattern Forming. The coming week will undoubtedly be a make-or-break type of week with the SPY going to test its 200-day SMA, which has been acting as strong resistance, especially considering all of the economic data coming out throughout the week. Personally, am bullish here and looking for a breakout on the upside, in my opinion, the drop in CPI could've been the catalyst for the markets to start heading upward and break the downtrend they've been holding. Some RSI-based supply and demand zones to keep an eye on in the interim, Bullish and hedged for the time being, which I hope to cut- --See Previous Charts Attached Below-- --Weekly Timeframe-- --Previously Charted--
AMEX:SPYLong
by jacobosiason7
1
SPY - Update (From Nov. 2021)Posting an update on the SPY here as the markets closed out the week in somewhat of a make or break spot. The SPY continued to follow the bearish megaphone that it's been holding for months, while simultaneously holding the downtrend stemming from a massive head and shoulders on the SPY's weekly timeframe (See Attached Charts Below). A bearish bat harmonic pattern also formed on the SPY on Friday, as it broke below a strong support level circa $368.27 and closed near its 52-Week low at $362.17. This comes as seller volume continues to outweigh buyer volume as the markets head into a big week economically speaking. In the upcoming week, economic data and events include New Home Sales, Consumer Confidence, International Trade Numbers, Jobless Claims, and to cap off the week, GDP Numbers as well. Treading lightly here, some RSI-based supply and demand zones to keep an eye on in the interim, bearish and hedged- --Previous Charts Attached Below-- Weekly TimeFrame Testing Key Levels From 2020 --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
⁉️ Economic calendar week 19.09-23.09 Hello traders! ✅ The upcoming week will be full of events. The most important are central bank meetings in USA, Switzerland and UK as we expect to have an increase of bank rate. ✅ During FED Meeting market watchers will be on high alert for how the U.S. central bank views the current pace of monetary tightening, the strength of the economy, and how likely inflation is to persist - as well as signs of how the balance sheet unwind is proceeding. ✅ The Swiss National Bank meets on Thursday with officials expected to deliver a 75-basis-point rate hike, matching the European Central Bank’s recent move even though inflation in the Eurozone is far outstripping Switzerland. ✅ The Bank of Japan also meets on Thursday amid speculation that Japanese authorities are close to intervening in the foreign exchange market to support the weak yen, which hit a 24-year low against the dollar earlier this month. My recommendation is to avoid trading during this events.
by Snick3rSD
AVCTif youre in this play. we pulled back and tested this break out zone at around 0.20c. tomorow willl be big when we get jobs market data. so we pulled back and now testing that zone. also the 200 simple is in the same place we"ll want to see if that turns into support. for bulls you want to see this hold and turn it into solid support then get over 0.24c and rip. for bears you want to stay below 0.24 if you can, thats what id look for then to the next level if breached. these are very volitle in each direction, so be careful. im keeping an eye on it. i have a few tickers like this im just having fun with, im not sure about any news catalyst or anything yet. ill be doing dd tonight. but id assume anything would likely get it moving in corresponding direction. Usually this is the lowest volitile week of the year. and it was the MOST volitle. ~This is the year of the active trader. happy trading.~
A
by Jbridgez
Dont be greedy on IXICAs I posted IXIC price movement speculation a year ago or so, now I want to warn you this is only one of the possibilities. As we kno the price movement can choose only between two dirrefent directions. Either up or down. But now it looks too good to be true to me. But this time is different. With all the world situation and economic war between US and most of the worlds countries, media propaganda about big bear in front of our economy, europe automobile industry "cold". This is all the signt, that tells us be cautious. Be prepared to go at least "half-in" if the price starts to form higher lows on weekly chart. I Will give you updates about my movements and taught, what I think about this crap. See you down here eventually, Wish you luck, DonLobster
NASDAQ:IXIC
by donlobster
3
SPY- Bearish- UpdateJust posting a quick update on the SPY here as on Friday we saw a hard rejection of the 400 level. The SPY closed out the week reclaiming its 50-day EMA and is sitting right on it at the moment, however, it rejected the 400 mark multiple times on Friday. Additionally, a bearish ABCD Elliot Wave has fully formed on the daily timeframe accompanied with some bearish hidden divergence on the RSI. Seems as if this bearish megaphone is continuing to play out so will be treading lightly at the moment. Lastly, certainly worthwhile to note the importance of the upcoming week economically speaking. This coming Wednesday there's the upcoming FOMC announcement pertaining to inflation and interest rates, followed by the Fed Chair Press Conference, as well as various other economic data of the likes of GDP data, and new home sales. Staying hedged & scaling into long-term buying opportunities. Just some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime - (Previous Charts Attached Below). --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
THE NEXT ECONOMIC CRISIS IS IN FRONT OF USTo see what will happen in the economic world, we must look more broadly at what has happened, but in this analysis I will use technical analysis patterns to predict what will happen. What happened?/b] 1. Gold is clearly visible in the cup and handle pattern An uptrend followed by a cup and handle pattern in technical analysis means that the price will continue to rise at least it will touch the height according to the cup height. 2. The S&P 500 is already too high After the COVID-19 pandemic which caused a severe crash on the stock market, it turned out not to be as bad as I imagined, the market was actually getting faster to an all time high level. It has gone too high and needs to be restarted again. 3. Bitcoin is still too high and needs a little correction In the 10x rally that occurred in bitcoin in 2020 and then followed by a crash with a decline of more than 50%. But it turned out that bitcoin touched its all-time high again and fell again, but when I saw the bitcoin chart, it seems that bitcoin should need a long correction before rallying again. Conclusion By looking at some of the factors above and supported by various fundamental factors such as inflation that is too high, world wars are everywhere and several other factors, investors will move their money to safe heaven assets, namely gold which is supported by cup and handle patterns. At that time bitcoin and other cryptocurrencies will be slightly corrected, when gold has surpassed the all time high, bitcoin and other cryptocurrencies will immediately crawl up and touch their all time high. I don't care about your laughing at this nonsense analysis. But this is my personal analysis that I share with you. I am not a financial advisor. Thank you
TVC:GOLD
by dhiyaulhaqza
1
10Y U.S Bond Yield Signaling Rotation from Growth to Value StockTVC:US10Y I'm just looking at the 10Y U.S bond yield to try and better pinpoint the overall macro conditions to expect for the equity market this year. Based on my technical analysis, 10YUS yield is currently trading in an Elliot Wave 5 wave ABCDE pattern, it's inside a triangle that seems to also be the extension of a cup and handle bullish formation. The (D) pattern just reached the top of the triangle pattern, CCI indicator is also on the higher end which indicates the likelihood that this pattern will play out. Right now it looks like it's headed to the (E) phase of the pattern, which is the final phase of the correction before initiating a strong uptrend that could have the 10YUS yield reach 2% or higher (even potential of going pre-pandemic levels). Fundamentals also align with my theory that bond yields will fall from here on until about March, which is also when FED is expected to reverse QE (quantitative easing). After the (E) phase of the EW has been reached, I suspect a massive breakout in bond yields, which can cause a drop in equity markets along with an overall sector rotation from growth to value stock.
TVC:US10Y
by TheRealWolfette
$DXY dead men tell no tales*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* What's up guys! We are here to shed some light on this insane violability that the market has been experiencing these past couple of weeks. To start off, this upcoming "Santa Rally" that you may be hearing about is solely dependent on $DXY retracing to retest our trendline support. If $DXY were to however break through $97 resistance this week you should expect $SPY, cryptos, and even oil to fall. The Federal Reserve FOMC announcement on December 15, 2021 is likely the catalyst that will either send $DXY back down to retest our trendline, or launch it through $97 resistance. Please be aware that my team fully believes that the weight of the U.S dollar should dramatically increase within a few weeks regardless, and can only be delayed by an undecisive decision by the Feds temporarily. !! This chart analysis is for reference purposes only !! If you want to see more, please like and follow us @SimplyShowMeTheMoney
TVC:DXY
by SimplyShowMeTheMoney
5
$SPYStock market news live updates: S&P 500 reaches record high, traders eye Biden's infrastructure proposal Stocks jumped to record levels on Wednesday as technology stocks recovered losses from Tuesday's session. Traders digested the contours of President Joe Biden's infrastructure proposal, which would include trillions of dollars in government spending as well as new changes to tax policy. The S&P 500 rose by 0.4% to reach a fresh record intraday high. The index's month-to-date gain came out to more than 4%, marking its best monthly performance since November. The Nasdaq outperformed, gaining just over 2% at session highs as technology stocks outperformed. The Dow hovered near the flat line. A day earlier, the Dow dropped for the first time in four sessions, and each of the S&P 500 and Nasdaq also declined. Shares of big bank stocks recovered some declines from earlier this week, though shares of Nomura and Credit Suisse added to losses as the lenders assessed the losses they would incur after the hedge fund Archegos Capital defaulted on significant margin calls last week. Traders will be eyeing President Joe Biden's latest public address on Wednesday, which is expected to include details around his infrastructure plan for the country. The White House released a statement about the plan ahead of the address, noting that it would involve more than $2 trillion in total spending over eight years to help rehabilitate and build out the country's infrastructure, address the crisis around climate change and curb economic inequality. To pay for the proposal, Biden will propose raising the corporate tax rate to 28% from 21% for 15 years, and implementing other policies to disincentivize offshoring. Wednesday also marks the final session of both March and the first quarter. For the year-to-date, small cap stocks as well as the cyclical energy, financials and industrials sectors – or the biggest under-performers of 2020 – have outperformed strongly, while last year's leading technology companies have lagged. This rotation has coincided with a faster-than-anticipated vaccination program in the U.S., as well as an influx of estimates-topping economic data. Wednesday morning, ADP reported that private payrolls grew by 517,000 in the U.S. in March, marking the best gain since September. Still, however, investors have been nervously looking for signs that the stimulus-aided post-pandemic recovery is bringing with it an unwanted rapid rise in inflation. The latest march higher in Treasury yields, with the benchmark 10-year yield rising to more than 1.75% this week, has reinforced these apprehensions. But with these concerns now well-known, some of the next market catalysts will likely be around whether fears around fast-rising prices ultimately come to fruition, some analysts said. "We’ve been on this ride probably for two quarters now where interest rates are really driving everything … We’re likely to still see interest rates continue to rise, which is healthy and normal and you’d expect to see that in a recovery," Tim Courtney, Exencial Wealth Advisors chief investment officer, told Yahoo Finance. "But I think there’s going to be something else that’s going to start to take over here within the next month or so, and that is, the market is going to start to pivot from a recovery, say, interest rate story, to to see the proof," he added. "So I think that interest rates dictating the market behavior will still be a main factor, but earnings coming up for the first quarter and economic data are going to be top of the list items that investors are going to want to see." — 4:03 p.m. ET: S&P 500 jumps to a record closing high, gaining 4.3% in March for its best month since November Here were the main moves in markets as of 4:03 p.m. ET: S&P 500 (^GSPC): +14.55 (+0.37%) to 3,973.10 Dow (^DJI): -83.83 (-0.25%) to 32,983.13 Nasdaq (^IXIC): +201.48 (+1.54%) to 13,246.87 Crude (CL=F): -$1.24 (-2.05%) to $59.31 a barrel Gold (GC=F): +$22.00 (+1.30%) to $1,708.00 per ounce 10-year Treasury (^TNX): +2 bps to yield 1.7460% — 12:42 p.m. ET: Stocks extend gains, Nasdaq adds nearly 2% The three major indexes held higher in afternoon trading, with the S&P 500 trading at an all-time high. The information technology, consumer discretionary and communication services sectors outperformed, while materials, financials and energy stocks lagged. Here were the main moves in markets during the afternoon session: S&P 500 (^GSPC): +31.85 points (+0.8%) to 3,990.40 Dow (^DJI): +30.75 points (+0.09%) to 33,097.71 Nasdaq (^IXIC): +252.11 points (+1.94%) to 13,297.99 Crude (CL=F): +$0.36 (+0.59%) to $60.91 a barrel Gold (GC=F): +$24.50 (+1.45%) to $1,710.50 per ounce 10-year Treasury (^TNX): -1.2 bps to yield 1.714% — 10:10 a.m. ET: Nomura, Credit Suisse shares extend losses in wake of Archegos Capital implosion Shares of Nomura and Credit Suisse added to steep losses on Wednesday as the companies prepared to incur major losses after Archegos Capital defaulted on significant margin calls last week. Credit Suisse's about 4% share price drop on Wednesday brought the stock's decline for the week to about 20%, while Nomura fell another 3%. — 10:05 a.m. ET: Pending home sales plunged by the most since April 2020 in February Pending home sales slumped last month as inclement weather and tight inventory weighed further on the housing market at the start of the year. The National Association of Realtors reported Wednesday morning that pending home sales fell by 10.6% in February from a month earlier, marking a second straight monthly decline. Consensus economists were looking for pending home sales to fall by just 3%, according to Bloomberg data. Over last year, pending home sales fell 2.7%, not accounting for seasonal adjustments. — 9:30 a.m. ET: Stocks open higher Here's where markets were trading shortly after the opening bell Wednesday morning: S&P 500 (^GSPC): +13.34 points (+0.34%) to 3,971.89 Dow (^DJI): +88.09 points (+0.27%) to 33,155.05 Nasdaq (^IXIC): +89.25 points (+0.66%) to 13,131.18 Crude (CL=F): -$0.41 (-0.68%) to $60.14 a barrel Gold (GC=F): +$2.10 (+0.12%) to $1,688.10 per ounce 10-year Treasury (^TNX): -0.5 bps to yield 1.721% — 8:30 a.m. ET: Private payrolls rose by 517,000 in March: ADP U.S. private employers added back more than half a million jobs in March for the best gain since September, according to a report from ADP on Wednesday. However, job growth still slightly missed expectations, even as February's inclement weather abated and the domestic vaccination program picked up steam. Private payrolls grew by 517,000 in March, ADP said. This followed a revised gain of 176,000 in February, up from the 117,000 previously reported. Consensus economists were looking for domestic private employers to bring back 550,000 jobs during the month, according to Bloomberg data. The services sector again handily led the way in recovering jobs, with service-providing payrolls climbing by 437,000 in March. Leisure and hospitality industries made the largest advances, with payrolls rising by 169,000. Trade, transportation and utilities jobs also rose by 92,000, and professional and business services jobs rose by 83,000. The goods-producing sector also posted net private payroll gains in March, with these increasing by 80,000. Construction and manufacturing jobs rose by 32,000 and 49,000, respectively, though mining positions edged lower by 1,000. — 7:20 a.m. ET: Pfizer shares rise after company says its COVID-19 vaccine is safe and effective in children as young as 12 Pfizer (PFE) announced on Wednesday that data from its latest study showed that the COVID-19 vaccine it developed with BioNTech (BNTX) was safe and effective in preventing COVID-19 in children as young as 12. The late-stage trial comprised 2,260 U.S. volunteers between the ages of 12 and 15. There were no cases of COVID-19 among those who received full vaccination, versus those who were given placebos, Pfizer said. The study has yet to be peer reviewed for publication. — 7:15 a.m. ET Wednesday: Stock futures trade mixed, with technology shares outperforming Here's where markets were trading heading into the regular trading day on Wednesday: S&P 500 futures (ES=F): 3,951.75, +4 point, or 0.1% Dow futures (YM=F): 32,899.00, -26 points or 0.08% Nasdaq futures (NQ=F): 12,951.25, +73 points or 0.57% Crude (CL=F): -$0.06 (-0.1%) to $60.49 a barrel Gold (GC=F): +$1.50 (+0.09%) to $1,687.50 per ounce 10-year Treasury (^TNX): -0.7 bps to yield 1.719% — 6:00 p.m. ET Tuesday: Stock futures tick up as overnight session begins Here's where markets were trading Tuesday evening: S&P 500 futures (ES=F): 3,948.75, +1 point, or 0.03% Dow futures (YM=F): 33,939.00, +14 points or 0.04% Nasdaq futures (NQ=F): 12888.00, +9.75 points or 0.08%
AMEX:SPY
by UnknownUnicorn19246015