Due to worries over the third wave of coronavirus and social restrictions impacting the oil demand, Brent oil went down 6% on Tuesday.
Analysts believe stock futures are set to rebound. S&P 500 futures rose to 24.75 points, and Dow futures increased to 20.00 points.
Wall Street analysts believe Amazon Inc, Microsoft Corp, Alphatec Holdings, and Addus Homecare Corp to be the best stocks to buy at the moment.
After Reddit fueled the GameStop stock rally, market participants are waiting for the upcoming earnings report from the company on Tuesday.
The concerns for the increased lockdown risks have caused a weak opening of the European stock market on Friday.
Market participants are waiting for FedEx, the parcel shipping giant, to release its earnings report in the third quarter on Thursday evening.
Due to the strong performance of all of its segments, German car producer BMW stated that it expects a solid increase in profit in 2021.
After stating the cost cuts would improve profit margins in the upcoming years, Volkswagen AG (OTC: VWAGY) goes up by 3.8%.
After hitting the record high of $61,781 on Saturday, bitcoin consolidates at around $60,000.