Trading in the U.S. index futures points to the buying momentum extending into the final session of the week. The market may turn to the University Of Michigan's consumer sentiment report for trading cues, although profit-taking could take some sheen off the rally.
Trading in the U.S. index futures points to a modestly positive start on Wall Street on Tuesday even as traders look ahead to the results of the midterm elections scheduled for the day. The results have implications for the policies of the government and in turn spending.
U.S. index futures were all in the green on Monday morning, indicating that Wall Street may start the week on a moderately positive note.
Monday’s economic calendar is light and doesn’t boast of any major market-moving data or reports. Traders could show apprehension ahead of the Nov. 8 midterm elections and the consumer price inflation report due on Thursday.
The major U.S. index futures are pointing to a higher opening on Friday, as rate worries abate and the market prepares to focus on the next big catalyst.
Trading in the U.S. index futures suggests a mixed start on Wednesday, although the Fed rate decision and the signals coming out from the central bank will ultimately decide which direction the market would take.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Friday after closing mixed in the previous session. The Nasdaq index dropped around 1.6%, while the Dow Jones gained close to 200 points on Thursday.