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The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last week. Traders may look to pick up stocks at reduced levels following the steep drop seen last week, which reflected ongoing concerns about the outlook for interest rates and the conflict in the Middle East.
Following the sharp pullback seen over the two previous sessions, the major U.S. stock indexes have moved in opposite directions in morning trading on Friday. While the tech-heavy Nasdaq is showing a significant rebound, the Dow has fallen to its lowest intraday level in five months.
U.S. stocks were rebounding Friday following the release of personal consumption expenditures inflation data for September, and economists are leaning toward a Fed hold next week.
After moving sharply lower over the two previous sessions, the major U.S. stock indexes turned in a mixed performance during trading on Friday. While the Dow and the S&P 500 extended the recent downward move, the tech-heavy Nasdaq managed to regain some ground.
The major U.S. stock indexes moved in opposite directions early in the session on Friday and continue to turn in a mixed performance in afternoon trading. While the Nasdaq has pulled back well off its best levels of the day, the tech-heavy remains up 51.