Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Global market overview
1. Global market overview
U.S. stock futures are hopping higher ahead of the open.
Crude oil futures are rising to trade around $40 per barrel, bouncing back from last week's slide.
Asian markets ended the day in the red, but Tokyo's Nikkei broke away from the pack to eke out a 0.8% gain. Pakistan's KSE 100 index sank at the open following a deadly suicide attack in Lahore, but then fully rebounded.
European markets are all closed Monday.
2. Gold slump continues
2. Gold slump continues
Gold futures extended losses from last week in holiday-thinned European trade on Monday, falling to a five-week low amid speculation the Federal Reserve could give serious consideration to a rate hike at its April meeting, boosting the U.S. dollar.
Gold for June delivery on the Comex division of the New York Mercantile Exchange sank $7.20, or 0.59%, to trade at $1,216.30 a troy ounce by 06:50GMT, or 2:50AM ET, after hitting a session low of $1,206.20, the weakest since February 23.
3. Economics
3. Economics
The U.S. Bureau of Economic Analysis will release personal income and spending data from February at 8:30 a.m. ET.
The National Association of Realtors will release February home sales data at 10 a.m.
4. Weekly market recap
4. Weekly market recap
Trading was bumpy, but last week ultimately ended quietly.
The Dow Jones industrial average and the Nasdaq were essentially unchanged over the course of the week while the S&P 500 dipped 0.1%.