Opening Bell: Futures Point To Continued Upside; Oil Rally Slows; USD Slips – Investing.com

SourceInvesting.com
SectorOil & Gas
CountryGulf

Global shares set for largest 3-day gain since April
Oil maintains gains but hits resistance
Gold and the dollar slide
Key Events

A strong start to earning season is helping traders ignore the risk to economic growth from the Delta variant of COVID-19 and the worst inflation levels since 2008. That positive sentiment pushed futures on the , , and higher in trading on Thursday.

However, falling Treasury yields have dragged the dollar lower.

Global Financial Affairs

All four US contracts were slightly in the green as investors hold on to gains in the current rally.

Futures contracts on the NASDAQ 100—whose listed mega-cap tech companies were in maximum demand when consumers relied on their services to work, shop and play during coronavirus lockdowns—lagged today, while Russell 2000 and Dow Jones futures were leading. The Russell index of 2000 small-cap domestic players as well as the index of blue chip mega-caps equate with the value trade cyclicals which...read more...