How Stocks Could React to New S&P High

FDX and MU shares are on the rise post-earnings

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Dow Futures Pop on Mnuchin Trade Comments

By Josh Selway

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Stock futures are trading higher this morning, trying to bounce back after a Fed-induced drop. Behind the risk-on approach are comments from Treasury Secretary Steven Mnuchin, who told CNBC a U.S.-China trade deal was “90% of the way there,” and that he believes President Donald Trump and Chinese President Xi Jinping can make progress when they meet this week at the G-20 summit. There’s also notable action on the earnings front, after FedEx (FDX) and Micron Technology (MU) both topped expectations with their quarterly reports. At last check, Dow Jones Industrial Average (DJI) futures were pointing to a nearly triple-digit rally at the open.

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Schaeffer's Opening View

2019-06-26 13:34:30

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