Dow Jones Futures: Second Stimulus Deal Can Happen, Coronavirus Stock Market Rally Focuses On U.S.-China Tensions; Gold At A Record High

  • Date: 05-Aug-2020
  • Source: Forbes
  • Sector:Economy
  • Country:GCC
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Dow Jones Futures: Second Stimulus Deal Can Happen, Coronavirus Stock Market Rally Focuses On U.S.-China Tensions; Gold At A Record High

Wall street sign in New York with American flags and New York Stock Exchange background



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The S&P 500 and Dow Jones industrial average futures maintain their gains for this week and trade higher today. Investors are quite hopeful about the progress being made for the second stimulus package.

There is also a tone of caution among investors in terms of buying stocks because of the review of the phase-one trade deal between the U.S. and China.

Meanwhile, the gold price has smashed another record high.



Steven Mnuchin: Second Stimulus Deal by the Weekend

Stock futures are likely to remain sensitive to any stimulus-related news. There is no doubt that the U.S. economy needs more help, as the economic data is clearly