- All four major U.S. contracts gain over 1%; NASDAQ futures near 2%
- Dollar edges lower, extending a drop
- Oil prices remain precarious
Contracts for the , and , along with stocks in Europe and Asia, all advanced on Tuesday, on light volume. This display of risk-on vigor occurs even ahead of, arguably, the most unpredictable earnings season in market history which begins in earnest later today. Of course, the biggest global risk, the continuing spread of COVID-19, remains a factor too; as of this writing, total confirmed cases worldwide are over 1,921,000 and the number of fatalities is at 119,730.
The U.S. dollar was sold off for a fourth straight day. Gold headed toward $1,800.
Global Financial Affairs
U.S. futures took advantage of trading volume that was more than 30% below average for most Asian markets. Contracts on all four major U.S. indices jumped more than 1% this morning, with the outperforming, posting a 1.9% gain, at the time of writing.