Market Snapshot: U.S. stock futures gain ground as positive China news lifts spirits

by | Nov 15, 2022 | Stock Market

U.S. stock futures resumed their rally Tuesday as optimism over the Chinese economy lifted risk appetite.How are stock-index futures trading
S&P 500 futures
ES00,
+0.69%
rose 25 points, or 0.6%, to 3991

Dow Jones Industrial Average futures
YM00,
+0.39%
added 142 points, or 0.4%, to 33703

Nasdaq 100 futures
NQ00,
+1.14%
climbed 116 points, or 1%, to 11851

On Monday, the Dow Jones Industrial Average
DJIA,
-0.63%
fell 211 points, or 0.63%, to 33537, the S&P 500
SPX,
-0.89%
declined 36 points, or 0.89%, to 3957, and the Nasdaq Composite
COMP,
-1.12%
dropped 127 points, or 1.12%, to 11196. The Nasdaq Composite is up 8.5% from its 2022 closing low hit on October 14, but remains down 28.4% for the year to date.

What’s driving markets The Wall Street rally sparked by last week’s softer-than-expected U.S. consumer inflation data was back on course, assisted by positive China-related news. Hong Kong’s Hang Seng
HSI,
+4.11%
jumped 4.1%, taking its gains so far in November to 24.8%, as Chinese listed stocks welcomed signs of cooling U.S./Sino tensions, Beijing’s intentions to support its beleaguered property sector, and indic …

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