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Stock futures try to shake off concerns about COVID; Netflix balances the Nasdaq-100


Stock index futures were little changed on Wednesday as increased COVID-19 infections around the world contributed to worries about global economic growth, while Nasdaq-100 futures suffered added pressure after Netflix Inc. Report the number of disappointing subscribers.

What are the main indexes doing?
  • Futures on the Dow Jones industrial average
    YM00,
    + 0.05%

    up 23 points, or 0.1%, at 33,726.

  • S&P 500 future
    ES00,
    + 0.01%

    increased 1.9 points, or 0.1% less, to 4,128.50.

  • Nasdaq-100 futures
    NQ00,
    -0.19%

    down 17.75 points, or 0.1%, to 13,776.50.

Inventory fell on monday tuesday, with the Dow index
DJIA,
-0.75%

down 256.33 points, or 0.8%. S&P 500
SPX,
-0.68%

down 0.7%, while the Nasdaq Composite
COMP,
-0.92%

lose 0.9% and Russell 2000 is small cap
RUT,
-1.96%

2% decrease.

What drives the market?

Stocks saw modest declines after the S&P 500 and Dow ended at record highs on Friday, with analysts largely attributed the drop to fears about new surges. of COVID-19 infections around the world, especially in India and Japan.

“Psychology is hurt mainly by new concerns about rising global COVID infections that could slow the reopening of some economies,” said Fawad Razaqzada, market analyst at ThinkMarkets. health ”. “In the case of US stocks, there is also a profit-taking factor after the major indices have hit or near record levels with today’s vibrant earnings season.”

India reported some record cases again on Wednesday, numbering more than 200,000 for the seventh consecutive day. The country’s hospitals are reportedly filling up rapidly, it’s about to run out of ICU beds and lack of oxygen.

The news said Japanese officials were considering ordered a state of emergency for Tokyo and Osaka due to increased cases of COVID-19.

A softer tone for the markets comes as the earnings season kicks off this week. Results from Netflix Inc.
NFLX,
-0.88%

late Tuesday sent the streaming giant’s shares down 8% and is seen as weighing on the future Nasdaq-100.

Therese Poletti: There’s a new normal for Netflix and that’s not necessarily a bad thing

Which companies to focus on?

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