The Fed's two-day meeting will kick off later today
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| | 4/28/2020 | |
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Blue-Chip Earnings Power Dow Futures | By Patrick Martin | | Dow Jones Industrial Average (DJI) futures are once again signaling a solid push above fair value. A healthy round of upbeat blue-chip earnings reports is fueling the surge, with the likes of 3M (MMM) and Pfizer (PFE) scoring top-line profit beats. Futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are also confidently in the black, as investors look forward to the start of the two-day Federal Open Market Committee (FOMC) meeting later today. Elsewhere, oil prices remain under pressure, with June-dated crude futures down 12.8%, at $11.1 per barrel. Continue reading for more on today's market, including: - Our Senior V.P. of Research, Todd Salamone shows why the VIX spike doesn't match the 2008 crisis.
- Call traders piled on these two chip stocks.
- Plus, PepsiCo climbs on earnings beat; Boeing set to resume production; and oil giant dinged by debt levels.
| >> Continue reading... | |
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