The U.S.Dollar Index is trading at 93.10 with a loss of -0.21% percent or -0.20 point.The Dow Futures is trading at 28,434.50 up with +0.69% percent or +195.50 point. The S&P 500 Futures is trading at 3,443.12 up with +0.46% percent or +15.62 point.The Nasdaq Futures is trading at 11,644.60 up with +0.07% percent or +8.37 point.
TODAY’S FACTORS AND EVENTS
Market participants are looking ahead to the U.S. Federal Reserve Chair Jerome Powell’s address at the Jackson Hole symposium – his first public appearance since the central bank’s policy meeting in late July.
Investors have been eagerly awaiting details on possible changes to how the Fed targets inflation that, in the current environment, could mean the Fed sticks with aggressive stimulus measures longer than under its previous rubric.
Markets seemed indifferent to news of the first documented instance of coronavirus re-infection in a human. A Hong Kong man who recovered from COVID-19 was infected again four-and-a-half months later, researchers at the University of Hong Kong said on Monday.
Elsewhere, France said it will require travellers entering the country from the UK to self-certify that they are not suffering coronavirus symptoms or have been in contact with a confirmed case within 14 days preceding travel.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 28,308.46 up with 1.35% percent or +378.13 point. The S&P 500 is trading at 3,431.28 up with +1.00% percent or +34.12 point. The Nasdaq Composite is trading at 11,379.72 up with +0.60% percent or +67.92 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,568.47 up with +1.03% percent or +15.99 point; the S&P 600 Small-Cap Index closed at 909.73 up with +1.68% percent or +14.99 point; the S&P 400 Mid-Cap Index closed at 1,938.15 up with +1.46% percent or+27.90 point; the S&P 100 Index closed at 1,597.89 with +0.99% percent or +15.73 point; the Russell 3000 Index closed at 2,003.67 up with +0.94% percent or +18.68 point; the Russell 1000 Index closed at 1,904.04 up with +0.94% or +17.65 point.