Dow Futures Gain 120 Points Because It's Not Monday

6:41 a.m. It’s all the same, yet the Dow Jones Industrial Average looks set for a higher open Tuesday morning.

Dow futures have risen 120 points, or 0.5%, while S&P 500 futures have advanced 0.4%, and Nasdaq Composite futures have gained 0.6%.

The setup today isn’t that different from what it was yesterday. China’s still slowing. The U.S. government shutdown continues with no end in sight. Brexit is Brexit. All those factors were cited in yesterday’s decline, and yet here we are. The market is trading higher.

Sure, there are some new twists. China, it is said, is considering more stimulus to boost its ailing economy, and some attribute the market’s relative strength to that. “U.S. futures are modestly higher this morning, tracking gains in Asian shares thanks to chatter of further stimulus measures by the Chinese government,” writes the Sevens Report’s Tom Essaye.

There always have to be a reason, doesn’t there?

Write to Ben Levisohn at

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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