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US Stocks’ Resilience Faces Test As Traders Await Flurry Of Economic Data: Fed May ‘Surprise To The Upside’ On Rates Again In 2023, Says Analyst

The resilient market faces another test on Thursday, as traders get to digest another set of economic data and a few Fed speeches. The index futures pointed to a cautious start on Thursday. Cues From Wednesday’s Trading:

ADI

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US Stocks On Recovery Course As Earnings Lend Support: Fed’s Hawkish Stance May Unwind Rally In High-Value Names, Says Analyst

The see-sawing mood in the market continues as Fed’s data dependency creates volatility. The index futures point to a solidly higher opening on Thursday, signaling a reversal in the sentiment seen in the previous session. Cues From Wednesday’s Trading:

ABBV

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US Stocks Pause As Traders Await Powell’s Speech: Analyst Warns Of Retest Of October Lows As Market, Economic Data Conspire Against Monetary Policy

Stocks look set for another nervous session on Tuesday as traders look ahead to comments from Fed Chair Jerome Powell and another batch of earnings reports. Cues From Monday’s Trading:

CVS

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Nasdaq, S&P Futures Take Off As Tesla’s Solid Earnings Report Perk Up Sentiment: Advance Q4 GDP Data, Housing Data On Investors’ Radar

Trading in the U.S. index futures suggests a cautious start by Wall Street stocks, as traders look ahead to more earnings and the advance fourth-quarter GDP report.

AAL

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Nasdaq Futures Slump As Microsoft’s Outlook Dampens Tech Recovery Hopes — Analyst Warns Of More Bumpiness By Mid-February

U.S. stocks look set to start Wednesday’s session on the back foot as traders digest mixed earnings news flow and continued pouring in of weak economic data points. Cues From Tuesday’s Trading:

ABT

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Nasdaq, S&P 500 Futures Pull Back In New Trading Week As Recent Strong Gains, Earnings Worries Hurt Sentiment

Trading in the U.S. index futures suggests a weak start to the week after stocks rose solidly in the week ended Jan. 13. The negative sentiment underlines caution among traders as they look forward to the fourth-quarter earnings reports for trading cues.

BABA

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Nasdaq, S&P Futures Narrowly Mixed As New-Found Optimism Tempers Ahead Of Big Bank Earnings, Consumer Sentiment Data

US stocks look set to start Friday’s session on a nervous note as the recent gains introduce caution amid traders. The trading direction could also hinge on the earnings reports from big banks and the results of the University of Michigan's consumer sentiment survey.

BAC