Stocks are climbing again today as the market begins a holiday week with some key economic data.
S&P 500 futures are up almost half a percent. European markets are up across the board, led by higher-risk countries such as Spain and Italy. Asian markets mostly climbed in the overnight session as Japan’s Nikkei advanced more than 1 percent and Hong Kong added almost 2 percent.
The S&P 500 has retraced about one-third of its pullback that occurred between May 22 and June 24. Investors have been reacting to increasingly upbeat economic news in developed markets such as the United States, Japan, and Europe, while developing countries like China, India, and Brazil have struggled.
— Option Monster