The market sentiment seems to fluctuate as the index futures dipped slightly, indicating a lower opening on Tuesday. The CBOE Volatility, aka VIX, rose slightly but held around the 20 level. Oracle Corp.’s (NYSE:ORCL) earnings and the management’s comments regarding huge data center needs could buoy the tech space, although the Court of Justice of the European Union’s rulings against two big techs, necessitating payment of huge fines could act as a dampener.
That said, traders are likely to adopt a “wait-and-watch” approach as the market prepares to receive the consumer and producer price inflation reports over Wednesday and Thursday. The first presidential debate between former President Donald Trump and Vice President Kamala Harris, due late Tuesday, will also evince the interest of traders, given the candidates will likely discuss policy measures during the debate.
Futures
Performance (+/-)
Nasdaq 100
-0.29%
S&P 500
-0.11%
Dow
-0.07%
R2K
-0.24%
In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) edged up 0.02% to $546.51 and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.04% to $454.30, according to Benzinga Pro data.
Cues From Last Session:
Bargain hunting helped reverse sentiment on Wall Street on Monday, as the major averages held above the unchanged ...
