U.S. Stock futures are mostly lower this morning with the Dow and S&P 500 trending to extend Thursday’s losses. This is mostly due to new Covid-19 fears creating some lockdowns in Europe. Early gains were wiped out after the Austrian government imposed a new 10–20-day lockdown in response to rising cases seen in that country. This will include both vaccinated and unvaccinated. Conversely, Nasdaq futures are trading higher this morning supported by stocks related to the “Stay-at-Home” trade that was very prevalent in 2020. These stocks include Amazon, Zoom, Netflix and Teledoc. There isn’t any relevant economic data being released today but traders will be watching D.C. as the House is expected to Pass Biden’s “Build Back Better Bill”. This bill includes the spending of $1.85 trillion on healthcare, education and climate.
Support today is 4668500 and 465500 with resistance checking in at 472500 and 473200.