Stock futures turn mixed on global COVID concerns
Slatestone Wealth chief market strategist Kenny Polcari evaluates the market on ‘Making Money.’
U.S. equity futures are trading mixed, the day after Wall Street hit a record.
The major futures indexes suggest a gain of 0.4% for the Nasdaq, but a decline of 0.4% on the Dow.
Markets in the U.S. and Europe gave up overnight gains following headlines that Austria was imposing a national lockdown as that country’s COVID crisis deepens. Cases in Germany are also at a record high.
The news swiftly sent the dollar higher along with gold.
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The S&P 500 and Nasdaq hits new highs on Thursday as Macy’s and Kohl’s posted strong earnings and unemployment data showed the labor market is continuing to recover.
MACY’S SALES SURGE 36%
Macy’s Inc. surged 21.2% after the department store chain beat profit forecasts.
A busy week of retail earnings wraps up with numbers from apparel plays Foot Locker and Buckle…