Futures on the US stock market in slight progress: futures on the Dow Jones advanced by 0.24% to 34,352 points; S&P 500 futures are up 0.29% to 4,197 points, while Nasdaq futures are up 0.31% to 13,698 points.
On the eve of the session, the S&P 500 lost 0.21% to 4,188.13 points, the Dow Jones Industrial Average lost 81.52 points to 34,312.46, while the Nasdaq Composite closed around parity at 13,657.17. points.
In a note Tom Essaye, founder of Sevens Report, commented on the trend of Wall Street stating that “the markets will be practically in wait mode at least until the next big event, which will be represented by the news about how the Fed tapering will take place (or will not happen). Until there is more clarity on the Fed’s tapering and longer-term outlook on inflation, we should expect this kind of volatility. “
However, dovish comments have come from the Fed in recent hours.
In particular, Chicago Fed chairman Charles Evans said he “saw nothing” that could convince him “to change support in favor of accommodative monetary policy”.
San Francisco Fed Chair Mary Daly added that, “we must be patient” and that the Federal Reserve’s monetary policy is the right one.
On the cryptocurrency market, Bitcoin has re-grabbed $ 40,000 and then slightly dampened gains: it currently rises more than + 7% above $ 39,700 Ethereum leaps over 14% to around $ 2,817; Cardano surged over 17% to $ 1.75.
The decision of billionaire investor Mark Cuban, owner of the Dallas Mavericks basketball team, to focus on “Polygon (formerly Matic Network), the first well-structured, easy-to-use platform for infrastructure development and growth ‘Ethereum ”.
This is what the Indian start-up Polygon itself has announced. In the face of the Bitcoin and Ethereum crashes of -30%, suffered in the last two weeks, MATIC has soared by more than 90%: with a market capitalization of almost $ 11 billion, it has thus become one of the 15 most important cryptocurrencies in the world.
On the US Treasury market, 10-year yields are unchanged at around 1.56%. The euro is under pressure on the dollar, losing around 0.10% to $ 1.2236.