Markets

Stock Futures Build on Thursday's Late Reversal, Dow Poised For 100+ Point Open

An image of a stock chart with a coin on top of it
Credit: Shutterstock photo

US stock futures were building on the previous session's late gains as the rotation out of Treasuries and into equity assets sets up the Dow for a 100+ point gain at the cash open. Thursday's head-spinning reversal on Wall Street spilled into overseas markets with most global bourses posting constructive gains, fueled by strength in tech and banking stocks.

Economic data scheduled for Friday includes the December Chicago purchasing managers index (est 62.4 vs 66.4 prior) and the November pending home sales index (est +1.5% vs -2.6% prior). Regularly scheduled international trade in goods and wholesale inventories have been postponed due to the partial government shutdown.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More