U.S. stock futures on Tuesday pointed to the market opening little changed and just shy of eight-week highs as traders eyed inflation data and the start of...
U.S. stock futures on Tuesday pointed to the market opening little changed and just shy of eight-week highs as traders eyed inflation data and the start of first-quarter earnings season in coming days.
How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 101 points, or 0.3%, to 33587, the S&P 500 SPX increased 4 points, or 0.1%, to 4109, and the Nasdaq Composite COMP dropped 4 points, or 0.03%, to 12084. “The U.S. payrolls have seemingly steadied the ship after the market got a bit out-of-step with—or at least over-extrapolating an imminent recession from the gloomy ISM index data last week,” said Stephen Innes, managing partner at SPI Asset Management.
Then, on Friday, the first-quarter corporate earning seasons kicks into gear with the financial sector in the vanguard. Bulls will be hoping a well-received earnings season can help push the S&P 500 through the top of the 3,800 to 4,200 range in which it has fluctuated for nearly six months.
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