Autos

5 things to know before the stock market opens May 12, 2020

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1. Stock futures rise after the tech rally drove Nasdaq higher for sixth straight session

Dow futures were pointing to an over 100-point advance at Tuesday’s open after the Dow Jones Industrial Average broke a two-session winning streak. However, the Nasdaq continued to be the big winner on Wall Street, logging its sixth straight gain Monday. The tech-heavy index was up 2.4% for the year and just 6% below its February record high. The fallout from the coronavirus economic halt has hit the broader stock market harder. The Dow is down 15% this year and 18% below its February record. The S&P 500 is off over 9% in 2020 and 13.6% below its February all-time high.

The Federal Reserve on…



Source cnbc.com

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