U.S. stock futures are flat as global coronavirus cases climb at record pace

spike

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020.

Michael Nagel | Bloomberg | Getty Images

U.S. stock futures were flat on Sunday night as the number of coronavirus cases kept surging globally, raising concerns about the world economy and its recovery from the pandemic.

Dow Jones Industrial Average futures traded just 14 points higher, or 0.1%. S&P 500 futures also hovered above the flatline and Nasdaq-100 futures climbed 0.2%.

The World Health Organization said Saturday that more than 200,000 coronavirus cases were confirmed over a 24-hour span, a record.

Read More

Blowout jobs report missed coronavirus case surge: Victoria Fernandez

spike

The latest jobs report shocker may have missed a troubling trend.

Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases.

“The data was collected through the middle of June,”  the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”

Fernandez, who oversees $4.8 billion in assets, believes it’s a major reason for investors to curb expectations.

“People

Read More

Here’s an easy, low-cost way to build a retirement plan like the pros

spike

Saving for retirement can be hard. Planning how to spend that nest egg — while ensuring the money doesn’t run out — is harder.

But there’s good news: Americans can build a simple, low-cost retirement plan using just Social Security and savings, according to experts.

From an academic standpoint, the “optimal” retirement strategy combines two concepts, said Wade Pfau, a professor of retirement income at The American College of Financial Services.

More from Personal Finance:
Need money? Find cash in these unexpected places
Tax-saving moves you can still make before July 15
How to switch careers in a pandemic

On

Read More