Wall Street To Bounce Back

Wall Street To Bounce Back
All eyes are on U.S. GDP data and Fed’s Beige Book to be released Wednesday. Analysts project that GDP will be slower that the prior quarter. Early signs from U.S. Futures Index are pointing to a moderately higher opening on Wall Street. Asian shares closed in the red, while European shares are trading lower. As of 8.00 am ET, the... Read More

Bargain Hunting May Lead To Rebound On Wall Street

Bargain Hunting May Lead To Rebound On Wall Street
The major U.S. index futures are pointing to a higher opening on Wednesday following the sell-off seen in the previous session. Bargain hunting may contribute to strength on Wall Street, as some traders pick up stocks at reduced levels after the steep drop seen on Tuesday. However, lingering concerns about political uncertainty in Italy may keep some traders from getting... Read More

Geopolitical Uncertainty May Lead To Choppy Trading

Geopolitical Uncertainty May Lead To Choppy Trading
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the sharp pullback seen in the previous session. Geopolitical uncertainty may keep some traders on the sidelines after North Korea threatened to cancel an historic meeting between leader Kim Jong Un and President Donald Trump. In a statement published by the state-run Korean Central News... Read More

Wall Street Poised To Open In Red

Wall Street Poised To Open In Red
The market might be reacting to major economic announcements such as Industrial Production data, Housing Starts and Atlanta Fed Inflation Expectations. U.S. Futures Index suggest that Wall Street might open in the red.Asian shares finished broadly lower, while European shares are trading mostly higher. As of 7.15 am ET, the Dow futures were losing 18.00 points, the S&P 500 futures... Read More

Futures Point To Positive Bias For Wall Street At Opening

Futures Point To Positive Bias For Wall Street At Opening
After the turbulence on President Trump’s pullback from Iran Nuclear Deal, the market is trying to settle. Initial trading on U.S. Futures Index suggest that Wall Street might be significantly positive at opening. Labor Department’s Producer Price Index and Wholesale Trade Inventories report are the major highlights in the economic front. Asian shares finished mixed, while European shares are also... Read More