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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