Slatestone Wealth chief market strategist Kenny Polcari evaluates the market on ‘Making Money.’
U.S. equity futures are trading mixed, the day after Wall Street hit a record.
The major futures indexes suggest a gain of 0.4% for the Nasdaq, but a decline of 0.4% on the Dow.
Markets in the U.S. and Europe gave up overnight gains following headlines that Austria was imposing a national lockdown as that country’s COVID crisis deepens. Cases in Germany are also at a record high.
The news swiftly sent the dollar higher along with gold.
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The S&P 500 and Nasdaq hits new highs on Thursday as Macy’s and Kohl’s posted strong earnings and unemployment data showed the labor market is continuing to recover.
MACY’S SALES SURGE 36%
Macy’s Inc. surged 21.2% after the department store chain beat profit forecasts.
A busy week of retail earnings wraps up with numbers from apparel plays Foot Locker and Buckle…