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Stock futures rose after the biggest drop since June

US Equity Futures Trading is higher on the day following the biggest drop in stocks since June.

The major futures indices are pointing to a gain of 0.6% when the session begins on Wall Street on Thursday.

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Equities are preparing to recover some of the losses they incurred as the Dow Jones Industrial Average fell in five of the past six sessions, including Wednesday’s drop of 900 points.

The sell-off in the US market came after broad declines in EuropeWhere the French president announced drastic measures to slow down Corona Virus’ Spread German officials have agreed to impose a partial lockdown for a period of four weeks.

In the United States, cases are increasing in nearly every state, and the number of deaths and hospitalizations due to COVID-19 is on the rise. Even if the lockdowns are no longer the most restrictive, investors fear that people will limit their spending and activities, hurting the business. The US economy could lose momentum just as the prospects for further economic support from Washington diminished as Election Day approaches Tuesday.

Will a record increase in GDP increase the odds for Trump?

Thursday will be a very busy day for Economic NewsInvestors will get their first look at third-quarter GDP. Refinitiv expects year-over-year growth of 31.0%, which is a record, compared to a record annual decline of 31.4% in the second quarter.

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The Labor Department is expected to announce that the number of claims for unemployment benefits decreased by 12,000 last week to 775,000.

The National Association of Realtors releases its pending home sales index for September. Economists are looking for a rise of 3.4% from August.

It will also be a day filled with Earnings With Apple, Amazon, Alphabet, Facebook and Twitter reporting their numbers from July through September after the closing bell.

Ford gets a good surprise in October with better profit rather than loss

European markets are pulling back from their lows in five months. London’s FTSE is up 0.2%, the German DAX is up 0.7%, and the French CAC is up 0.4%.

The Bank of Japan kept its extremely loose monetary policy unchanged at the policy meeting that ended Thursday. But it lowered its outlook for the economy, saying that while conditions will eventually improve, “risks to both economic activity and prices are skewed to the downside, mainly due to COVID-19.”

In Thursday’s trading, Japan’s Nikkei 225 is down 0.4%, Hong Kong’s Hang Seng Index lost 0.5% and the Chinese Shanghai Composite has recovered from early losses, a 0.1% gain.

The uncertainty about the upcoming presidential election was also pushing markets around.

On Wednesday, the S&P 500 lost 119.65 points to 3,271.03. The Dow Jones lost 943.24 points, or 3.4%, to 26519.95. The Nasdaq Composite Index fell 3.7% to 11,004.87. The sale was on a massive scale, and 96% of shares were down in the S&P 500.

ribbon Safety the last They change They change%
I am: DJI Dow Jones averages 26519.95 -943.24 -3.43%
SP500 Standard & Poor’s 500 3271.03 -119.65 -3.53%
I: COMP Nasdaq Composite Index 11004.868219 -426.48 -3.73%
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In the energy sector, benchmark US crude fell 52 cents to $ 36.86 a barrel in electronic trading on the New York Mercantile Exchange. It fell 5.7% on Wednesday due to concerns that an economy already weakened by the virus will consume less energy and allow excess supplies to increase.

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Brent crude, the international benchmark, fell 57 cents to $ 38.55 a barrel. It fell 5.4 percent to $ 39.64 a barrel on Wednesday.

The Associated Press contributed to this report.

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