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Cash Equities Strong From the Open, Futures Narrow In On ATH

EQUITIES
  • Equities improving further from the opening bell, with the e-mini S&P looking for an imminent test of the overnight all-time high at 4074.50.
  • The S&P's outperforming so far Tuesday, with DJIA futures slightly underwater while NASDAQ futs are just above unchanged.
  • In cash markets, energy firms (Monday's poorest performer) are bouncing alongside the recovery in WTI crude futures, while consumer discretionary & materials also trade well. Utilities and real estate are Tuesday's laggards so far.
  • For a second session, COVID re-opening names are trading well, with Caesars Entertainment, Alaska Air & Norwegian Cruiselines among the index's best performers.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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