Dow Jones futures are up today. Indicates that Wall Street will rebound tonight. Continuing from the spike last week.
At 7:42 p.m. Thai time, the Dow futures index gained 69 points or 0.19% to 36,284 points.
Wall Street will adjust the trading hours of the stock market. starting from today It will adjust the time slower by 1 hour after the end of Daylight Saving Time.
The market will change the trading time from 20:30-03:05 Thai time to 21:30-04:05 Thai time.
This adjustment of trading hours will be effective from 8 November 2021-12 March 2022.
The Dow jumped more than 200 points on Friday. Hit an all-time high This was driven by strong employment data disclosures in the US. and news of progress in the development of anti-Covid-19 pills of Pfizer, Inc.
Today’s trading is expected to be positive as the House of Representatives approved a $1 trillion infrastructure investment bill on Friday. and will pass it on to President Joe Biden signed into law.
Shares of Caterpillar, the world’s largest construction equipment maker, rose 4 percent in pre-Wall Street trading today. respond to the passage of such legislation
Energy stocks also jumped in pre-market trading. According to the rising oil prices during this period
Investors will keep an eye on the remarks from Federal Reserve Chairman Jerome Powell at 10:30 a.m. U.S. time or 10:30 p.m. U.S. time on the US economy. After the United States released strong employment numbers in October. And after the Fed announced a cut in its quantitative easing (QE) bond-buying program at its meeting last week.
The Wall Street Journal and the Washington Post reported that President Joe Biden may announce the list of new Fed chairmen this week. Powell is expected to be re-elected as Fed chairman.
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