Yesterday, the major stock market indexes went wild to the upside. First, the Federal Reserve Bank kept the federal funds rate at zero percent for the foreseeable future. Second, J.P. Morgan Chase & Co (NYSE:JPM) lead the charge after increasing its dividend. This perfect elixir caused 200 point rally in the Dow Jones Industrial Average (DJIA). This morning, the major stock indexes look to be pausing ahead of the opening bell. The S&P 500 Index e-mini futures (ES-H2) are trading lower by just 0.25 points to 1396.00 per contract. All of the European markets are trading higher as well today.
Last night, most of the Asian markets traded higher, however, the most important markets in the region finished lower. The Shanghai Index (China) closed lower by 2.63 percent. This tells us that we must watch the Chinese ADR's very closely today as these stocks could come under selling pressure. If the Chinese market slows down this will be very problematic for the global economy. Traders should keep a close eye on the iShares FTSE/Xinhua China 25 Index ETF (NYSEARCA:FXI), ProShares UltraSh FTSE/Xinhua China 25 (NYSEARCA:FXP), Baidu.com, Inc (NASDAQ:BIDU), and China Mobile Ltd. ADR (NYSE:CHL) as these equities will likely be in play.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Markets Gone Wild!
Published 03/14/2012, 11:16 AM
Updated 07/09/2023, 06:31 AM
Markets Gone Wild!
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.