See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
“Honor to the soldier and sailor everywhere, who bravely bears his country’s cause. Honor, also, to the citizen who cares for his brother in the field and serves, as he best can, the same cause.” – Abraham Lincoln
Happy Veterans Day. The bond market is closed today, but equity markets are open. With the holiday, though, there is no economic data on the calendar and the earnings schedule is on the light side. Futures are trading higher and for the first time this week, the Nasdaq is actually leading the gains.
Be sure to check out today’s Morning Lineup for a rundown of the latest stock-specific news of note, economic data out of Japan, trends related to the COVID-19 outbreak, and much more.
On Monday, the S&P 500 spent much of the day in record territory, but a late-day decline pushed the index back below its early September high. Yesterday, the index hung in right below those highs setting the stage today for another run at a new closing high. As far as a record intraday high is concerned, those levels won’t be coming into play at the open.