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Daily Market Update
with JJ Kinahan

5 min read

Welcome Start: Overnight Climb to Unchanged, Followed by Strong Open, Seen Positive

(Monday Market Open) No one likes a flat beer or soda, but a flat open for the major indices? The way things have gone the last month, most investors would probably take it.

If you’re looking for hints that things might be slowing down a bit from this nearly unprecedented volatility, check out the overnight action in futures. Major indices fell around 2% right at the open Sunday night, but then clawed all the way back to unchanged a couple hours before the opening bell. After that, they actually started turning green, and now it looks like things could be positive in the early going. 

We’ll see where things close, but just being near unchanged is a positive. A few weeks ago, it’s arguable news like Sunday’s announcement from President Trump extending social distancing through April 30 might have weighed on stocks. 

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