{"id":50205,"date":"2024-08-06T12:37:05","date_gmt":"2024-08-06T12:37:05","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/08\/06\/wall-street-aims-to-bounce-back-9\/"},"modified":"2024-08-06T12:37:05","modified_gmt":"2024-08-06T12:37:05","slug":"wall-street-aims-to-bounce-back-9","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/08\/06\/wall-street-aims-to-bounce-back-9\/","title":{"rendered":"Wall Street Aims To Bounce Back"},"content":{"rendered":"
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Initial trends on the U.S. Futures Index suggest that Wall Street might open higher. <\/p>\n

Asian shares finished mostly up, while European shares are trading broadly down. <\/p>\n

As of 8.15 am ET, the Dow futures were up 216.00 points, the S&P 500 futures were adding 38.00 points and the Nasdaq 100 futures were progressing 147.00 points.<\/p>\n

The U.S. major averages plunged on Monday. The Nasdaq plunged 576.08 points or 3.4 percent to 16,200.08, the S&P 500 dove 160.23 points or 3.0 percent to 5,186.33 and the Dow tumbled 1,033.99 or 2.6 percent to 38,703.27.<\/p>\n

On the economic front, the International Trade in Goods and Services for June will be published at 8.30 am ET. The consensus is for a deficit of $72.5 billion, while in May the deficit was $75.1 billion. <\/p>\n

The 52-week Treasury bill auction will be held at 11.30 am ET. <\/p>\n

The 3-year Treasury Note auction will be held at 1.00 pm ET.<\/p>\n

Asian stocks gained on Tuesday. China’s Shanghai Composite index rose 0.23 percent to 2,867.28 while Hong Kong’s Hang Seng index slipped 0.31 percent to 16,647.34.<\/p>\n

Japanese markets<\/span> staged a sharp recovery. The Nikkei average jumped 10.23 percent to 34,675.46. The broader Topix index settled 9.30 percent higher at 2,434.21.<\/p>\n

Australian markets eked out modest gains. The benchmark S&P\/ASX 200 edged up 0.41 percent to 7,680.60. The broader All Ordinaries index gained 0.39 percent to close at 7,890.10 <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n