7 Jan 2015
US stocks likely to gains strength
FXStreet (Mumbai) - The US stocks are likely to gain some ground after falling for two-consecutive sessions as indicated by the US index futures. The major index futures are pointing to a strong opening on the Wall Street. However, caution is likely to prevail ahead of the December Fed minutes.
At the time of writing, the DJIA futures traded 0.82% higher at 17,429 while the S&P 500 futures traded 0.82% higher at 2010.65. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.67% and 0.76% higher at 4129.70 and 1165.50 levels respectively. Consequently, the S&P 500 VIX futures are trading 3.54% lower at 19.08 levels.
Early buying interest may be generated by the upbeat December ADP jobs report released earlier today. As per the data, the private sector added 241,000 jobs in December following an upwardly revised increase of 227,000 jobs in November. Meanwhile, the commerce department also reported a narrowed trade deficit at USD 39.00 billion in November from a revised USD 42.2 billion in October.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance, while the major European markets have all moved notably higher on the day.
At the time of writing, the DJIA futures traded 0.82% higher at 17,429 while the S&P 500 futures traded 0.82% higher at 2010.65. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.67% and 0.76% higher at 4129.70 and 1165.50 levels respectively. Consequently, the S&P 500 VIX futures are trading 3.54% lower at 19.08 levels.
Early buying interest may be generated by the upbeat December ADP jobs report released earlier today. As per the data, the private sector added 241,000 jobs in December following an upwardly revised increase of 227,000 jobs in November. Meanwhile, the commerce department also reported a narrowed trade deficit at USD 39.00 billion in November from a revised USD 42.2 billion in October.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance, while the major European markets have all moved notably higher on the day.