© Reuters.
EUR/USD
+0.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
XAU/USD
+0.45%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
NVDA
+6.21%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
HPQ
+0.67%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Gold
+0.46%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
LCO
-3.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
ESM3
+0.58%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
CL
-3.11%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
1YMM3
+0.03%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
NQM3
+1.34%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
Investing.com — U.S. stocks are seen opening higher Tuesday after negotiators tentatively agreed on a deal to lift the debt ceiling to avoid a default, while Nvidia could join the $1 trillion club.
At 06:50 ET (10:50 GMT), the Dow Futures contract was up 55 points or 0.2%, S&P 500 Futures traded 22 points or 0.5% higher, and Nasdaq 100 Futures climbed 150 points or 1.1%.
Democratic President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal over the weekend to suspend the ceiling on U.S. government borrowing for a couple of years, taking the issue past the potentially hard-fought upcoming presidential election and averting a default that would have had disastrous economic repercussions around the globe.
However, the deal still has to get through both houses in a narrowly divided Congress before the government runs out of money to pay its debts, which the Treasury warned Friday will happen by June 5.
The agreement faces one of its first major tests in Congress later today when the House Rules Committee examines the bill.
While this turn of events has prompted a degree of optimism on Wall Street as traders return from the Memorial Day holiday, a deal on the debt ceiling getting done may give more reason for the Federal Reserve to feel confident about raising rates again.
The recent hotter-than-expected inflation numbers had already resulted in the market pricing in a 60% chance of a 25 basis-point hike from the Fed in June.
The week sees speeches from Richmond Fed President Thomas Barkin and Philadelphia Fed President Patrick Harker, along with board member Philip Jefferson scheduled to speak, ahead of Friday’s widely watched monthly jobs report.
The CB consumer confidence index for May is Tuesday’s main economic data release, and is expected to show a small decline to 99.0 from 101.3 the prior month.
On the corporate front, HP (NYSE:HPQ) is set to unveil its second quarter earnings after the close today, with investors keen to see how much a post-pandemic slide in PC demand has hit the personal computer and printer maker.
Nvidia (NASDAQ:NVDA) will also remain in the spotlight with the chipmaker on track to breach $1 trillion in market capitalization for the first time, after last week’s impressive revenue forecast as AI takes center stage.
Oil prices slumped Tuesday, reversing earlier gains on U.S. debt ceiling optimism as a stronger dollar and concerns about China’s lackluster economic recovery weighed.
Worries over the strength of the Chinese recovery, the world’s largest crude importer, have hit the crude market this year, and traders are focusing on key manufacturing and service sector data for May, due on Wednesday.
A stronger dollar also hit the market, with the greenback climbing to a two-month high on raised expectations of further interest rate hikes by the Federal Reserve.
By 06:50 ET, U.S. crude futures traded 1.2% lower at $71.81 a barrel, while the Brent contract dropped 1.5% to $75.97.
Additionally, gold futures rose 0.5% to $1973.40/oz, while EUR/USD traded 0.1% higher at 1.0731.
Source: Investing.com
