Trading in the U.S. index futures suggests stocks may start Tuesday’s session slightly higher, although the mood could be cautious ahead of some key economic data on the housing market, business activity and consumer confidence.
Cues From Monday’s Trading:
US stocks are coming off a lackluster week and early indications suggest a reversal in sentiment in the new trading week. While rising bond yields could be a cause of concern, the recent weakness could trigger bargain-hunting-related buying.
Even as most U.S. fund managers hoarded tech stocks at bargain prices following their sell-off last year, Canada’s biggest pension fund deemed it fit to sell some prominent tech names.
Investment guru Warren Buffett weighed in on several matters that pertained mostly to Berkshire Hathaway Inc.’s (NYSE: BRKA) (NYSE: BRKB) investments and its future outlook in his annual letter
In the past week, Apple, Inc. (NASDAQ: AAPL) was in the news over a report of a secret team at the company working on adding a non-invasive glucose monitoring feature to its smartwatch.