Stock Market

U.S. stock futures point to bounce back on Wall Street

U.S. stock index futures on Thursday were pointing to a bounce back as more corporate earnings were reported for the quarter, though the main benchmarks remained as key indexes remain locked the range of the past few trading sessions.

What’s happening
  • Dow Jones Industrial Average futures

    rose 244 points, or 0.7%, to 34239.

  • S&P 500 futures

    gained 34.75 points, or 0.8%, to 4165.

  • Nasdaq 100 futures

    increased 149.5 points, or 1.2%, to 12695.

On Wednesday, the Dow Jones Industrial Average

fell 208 points, or 0.61%, to 33949, the S&P 500

declined 46 points, or 1.11%, to 4118, and the Nasdaq Composite

dropped 203 points, or 1.68%, to 11911.

What’s driving markets

The S&P 500 index hasn’t gone above 4,200, or below 4,000, this month.

“It feels like the market is transitioning into a tighter range before getting new information on which to decide whether to continue to uptrend or reverse lower,” said Peter Garnry, head of equity strategy at Saxo Bank. “The signs are leaning towards a cyclical uptrend, but the signal-to-noise level remains low across many macro indicators.”

Several companies reported their quarterly results, including Disney

whose stock rose after the company posted smaller-than-expected subscriber losses in its streaming video business along with earnings and revenue that beat estimates and the layoff of 7,000 staff.

There’s another full slate of earnings due Thursday including releases from PepsiCo

and Kelloggs

There’s not much on the U.S. economic calendar besides the release of weekly jobless benefit claims, as traders start to look ahead of the release of the January consumer price index on Tuesday.

For more updates check below links and stay updated with News AKMI.
Life and Style || Lifetime Fitness || Automotive News || Tech News || Giant Bikes || Cool Cars || Food and Drinks


Show More

Related Articles

Back to top button

usa news wall today prime news newso time news post wall