Deadline of missed another deadline. Its too late to conclude. Thats the last opportunity to qualify for a 30 day review in congress. An agreement after today would be subject to two months of scrutiny. The talks cant be openended. We are here because we believe we are making Real Progress toward a comprehensive deal. As i have said many times, as i have discussed the president last night we are not going to sit at the negotiating table forever. Stephanie the latest disagreement is on the arms embargo. The u. S. As opposed to a wholesale of things. Stephanie negotiations cant be that bad. They are in a luxury hotel. Erik stocks have bounce back from that selloff. They saved the biggest rally since 2008. The composite rose 4 . It was up almost 6 yesterday. The Chinese Government has intervened with a series of unprecedented measures. Staterun companies were ordered to ride stocks. It is hard to reach the heights of minions which opens today. This is one of the biggest Marketing Campaign
Volatile day. The s p 500 currently sits down 1. 75 . Nasdaq touching correction territory earli earlier before bouncing a bit. S p 500 is not quite there yet. But were on that watch over the next 60 minutes as well. A couple other gauges to watch, the vix jumping to 31 even. We have the ten year which this morning that was the big headline. The key benchmark u. S. Interest rate falling below 2 for the First Time Since 2013. Oil falling briefly or flirting with 80 level before closing at 81. And gas prices are in free fall. The key question snou whether all of this will ultimately be supportive for the u. S. Consumer or signals more trouble ahead . The biggest outperformer, the vix. Ripping to day. The socalled fear gauge on wall street gives you an idea of where the sentiment is within this market. Its up 20 . That is quite a move. And thats not even at the highest levels of the day. The vix got above 30, a place it hasnt been in an awful long time. All of that helps to tell the story
The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session.
After moving in opposite directions early in the session, the Nasdaq and the Dow turned in a mixed performance throughout much of the trading day on Tuesday. While the Nasdaq briefly joined the Dow in negative territory in afternoon trading, the tech-heavy index rebounded to end the day at a new record closing high.
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NVDA).