Markets Now: Dow Gains 83 Points as U.S. Stocks Follow Global Markets Higher
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7:54 a.m. Another quiet summer morning, but that hasn't stopped the U.S. markets from following their global counterparts higher. S&P 500 futures have advanced 0.2%, while Dow Jones Industrial Average futures have gained 83 points, or 0.3%. Nasdaq Composite futures have risen 0.3%. The S&P 500 closed just 0.8% away from a new all-time high yesterday.
Overseas markets were also rallying today, as Japan's Nikkei 225 rose 0.7%, while China's Shanghai Composite climbed 2.8%. European markets are also heading higher, as the Euro Stoxx 50 gains 0.7%
But is it really a case of the U.S. following Europe and Asia higher, or the rest of the world building on yesterday's strength in the U.S. ? " Investors are trying to build some momentum but the lingering threat of more threats from the US on China and vice versa demands restraint dampening traders' appetite," writes Konstantinos Anthis, head of research at ADSS. "Having said that, as long as the US markets are edging higher, European equities should be able to recover most of their losses from last week."
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