Overview of the US stock market on April 7

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S&P 500

IMF raised its forecast for global economic growth to 6%, up from its previous projection of around 5.5%.

But despite that, the US market went down yesterday, dropping by approximately 0.3% in the Dow Jones index.

Asian markets, on the contrary, gained numbers, with Japan indices increasing by 0.2% and China indices rising by 1%.

On the bright side, Biden is reported to be stepping up vaccination efforts in the United States. In fact, he said yesterday that 150 million Americans have been vaccinated since he took office, and that all adults should have access to the vaccine by April 19.

Forecasts:

Now, the DJIA is at 33.430 points, but it is expected to range between 33.100 - 33.700 points today.

WTI is trading around $ 59.40. It is projected to increase by 0.3% and range between $ 58.50 - $ 60.00.

USD/CAD currently costs 1.2590, but it is expected to fluctuate around 1.2460 - 1.2710 today.

The USD index declined to 92.30 yesterday. Today, it is projected to decrease even lower and range between 92.00 - 92.65 points.

The material has been provided by InstaForex Company - www.instaforex.com

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