Global Stocks Gain Ground Despite European Political Concerns

World stocks on Monday, February 20, commenced the week with modest gains, brushing off a steep selloff in French government bonds, WallStreetJournal reports.

The Stoxx Europe 600 was up 0.1% midday while Asian shares closed higher as Friday’s late advance on Wall Street rippled overseas. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite Index all ended the week at fresh…

U.S. equities looked set to pick up on their record run this week, as stock futures traded higher Monday, with regular U.S. stock markets shut for the Presidents Day holiday.

Dow Jones Industrial Average futures YMH7, +0.16% rose 42 points, or 0.2%, to 20,630, while S&P 500 futures ESH7, +0.09% gained 3.35 points, or 0.1%, to 2,351.25. Nasdaq-100 futures NQH7, +0.08% added 6.5 points, or 0.1%, to 5,332.

U.S. stocks are closed for the Presidents Day holiday on Monday, while trading in U.S. stock futures will close at noon Eastern Time and reopen at 5 p.m. Eastern. But the backdrop is positive for Tuesday’s session, as all three major stock indexes closed at record highs on Friday.

The Dow DJIA, +0.02% finished up 4.28 points to 20,624.05, while the S&P 500 index SPX, +0.17% rose 0.2% to close at 2,351.16. The Nasdaq Composite IndexCOMP, +0.41% gained 0.4% to end at 5,838.58. For the week, the Dow and S&P 500 put on 1.8%, while the Nasdaq advanced 1.5%.

Other markets: Asian markets ADOW, +0.05% finished the day largely higher, led by a 1.2% gain for the Shanghai Composite SHCOMP, +1.18% . European stocksSXXP, +0.14% rose 0.3% .

 

 

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