Markets

Stock Futures Gain Altitude as Trade Optimism Buoys Wall Street

Buoyed by reports that the White House might push back the March 1 deadline for harsher trade tariffs against China and by the likely aversion of another government shutdown, US stock futures were trading higher into Thursday's open. Although gains were muted in Europe and the US by pre-emptive caution if trade negotiations are again unproductive, the Dow Jones Industrial Average was indicated to open higher for a third straight day.

Data to be released at 8:30 am ET includes initial jobless claims (est -9,000), January PPI (+0.2% nominal and core), and Dec retail sales (+0.1%, 0.0% ex autos, +0.4% ex autos and gas).

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