Free Trial

Stock Futures Narrow In On Alltime Highs as Earnings Well Absorbed

  • The e-mini S&P made decent headway Tuesday, with the index showing above 4500 for the first time since early September to further narrow the gap with the alltime highs printed around six weeks ago at 4549.50.
  • A series of solid earnings from the likes of Travelers, Intuitive Surgical and Johnson & Johnson drove markets higher, with healthcare, utilities and energy names at the top of the board. Consumer staples and discretionary firms were the sole laggards.
  • Progress through the alltime highs would open 4591.25, the 1.00 proj of Jul 19 - Aug 16 - Aug 19 price swing.
  • European markets finished on a similarly positive note, with the EuroStoxx50 closing higher by 0.35%, outstripped by Spain's IBEX-35 and Italy's FTSE-MIB.
MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.