Futures Point To Higher Open For Wall Street
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Early signs from the U.S. Futures Index suggest that Wall Street might open positive on Wednesday.
The Beige Book, Import and Export Prices for March, and Business Inflation Expectations for April as well as a slew of Fed Speeches including that of Fed Chairman Jerome Powel might influence the investor sentiments today.
Asian shares finished mixed, while European shares are trading up.
As of 7.50 am ET, the Dow futures were adding 9.00 points, the S&P 500 futures were gaining 5.00 points and the Nasdaq 100 futures were up 53.00 points.
U.S. stock indexes rose on Wednesday after upbeat earnings reports from Goldman Sachs and JPMorgan boosted investor expectations of a strong rebound for corporate America amid swift COVID-19 vaccinations.
U.S. stock indexes are adding to their record highs in early Wednesday trading after big banks kicked off a highly anticipated earnings reporting season.
(Bloomberg) U.S. futures were steady, while European and Asian stocks advanced as investors weighed earnings from companies including some of the world’s biggest banks. Treasury yields edged higher. Contracts on the S&P 500 Index were little changed, with JPMorgan Chase & Co. down 0.6% in pre-market trading after warning that loan demand remained tepid. Discovery Inc. declined after Credit Suisse Group AG unloaded about $2 billion of stocks tied to the Archegos Capital Management blowup, including those of the media company. European equities got a boost from positive updates by LVMH and SAP SE, while most Asian stocks advanced. Oil rose above $61 a barrel. With global equities hovering near all-time highs, investors are looking to the earnings season for further catalysts. Expectations of a strong profit rebound have helped markets rally, setting the bar high as reporting gets underway. More broadly, investors are monitoring vaccine developments for any threats to the economic rec