(Reuters) - Thankfully the Stock futures rose on Wednesday, it indicates that the S&P 500 may build on its biggest gain in nearly two weeks on Tuesday, on the back of stronger-than-expected economic data.
The S&P 500 . SPX rose nearly 1 percent Tuesday, its most since June 13, as data on durable goods orders, sales of new homes and consumer confidence all topped analysts' expectations and the People's Bank of China eased concerns about a possible banking crisis in the world's second-largest economy.
Still, the benchmark S&P index remains down 3.9 percent since the Fed signaled last week that it may begin to rein in its stimulus efforts should its economic forecasts hold.
Full Story here: http://www.reuters.com/article/2013/06/26/us-markets-stocks-idUSBRE95N0HT20130626
Showing posts with label Stock futures. Show all posts
Showing posts with label Stock futures. Show all posts
Wednesday, June 26, 2013
Monday, April 8, 2013
US futures bounce back as earnings season arrives
NEW YORK (AP) -- Stock futures are rebounding with Alcoa kicking off the U.S. earnings season after the bell.
Dow Jones industrial futures are up 39 points to 14,523. The broader S&P futures have added 5.7 points to 1,551.70. Nasdaq futures are up 10 points to 2,773.
Investors are putting Friday's terrible jobs report behind them Monday, in part on the belief that the Federal Reserve is unlikely to let up on policies that have freed up more money to pour into the market.
Markets will get a peek Wednesday into to the minds of Fed policy makers when minutes from the March meeting are released.
Bed Bath & Beyond reports earnings Wednesday, followed by JP Morgan & Chase and Wells Fargo on Friday.
Stocks overseas are mixed.
Dow Jones industrial futures are up 39 points to 14,523. The broader S&P futures have added 5.7 points to 1,551.70. Nasdaq futures are up 10 points to 2,773.
Investors are putting Friday's terrible jobs report behind them Monday, in part on the belief that the Federal Reserve is unlikely to let up on policies that have freed up more money to pour into the market.
Markets will get a peek Wednesday into to the minds of Fed policy makers when minutes from the March meeting are released.
Bed Bath & Beyond reports earnings Wednesday, followed by JP Morgan & Chase and Wells Fargo on Friday.
Stocks overseas are mixed.
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