Trading in the U.S. index futures points to a positive start by Wall Street stocks on Monday. With not much going around, traders may turn to a Fed speech, any potential preannouncements and energy prices for trading cues.
U.S. stocks look set for another nervous start on Friday, as the index futures traded narrowly mixed. The mood reflects the apprehensions of traders as they look forward to each piece of incoming economic evidence to draw cues on the Fed rate outlook.
Trading in the U.S. index futures suggests that stocks may get off to a strong start in the first trading session of 2023. The mood is in contrast to the cautious outlook given by most Wall Street analysts regarding the year's market trajectory.
Tesla, Inc. ended 2022 as the worst-performing mega-cap stock, with some of the weakness attributable to worries concerning a slowdown in demand, especially in its key market, China.
U.S. index futures were solidly pointing to a higher open by Wall Street stocks on Thursday, which happens to be the penultimate trading session of the year.
The index futures point to a moderately higher opening on Tuesday, as traders return to their desks after an extended holiday weekend in observance of Christmas. In the absence of any major trading cues, a couple of house price readings could guide sentiment. Trading volume could be light, lending less credibility to any potential move.
Stocks could be in for a higher opening on Friday, as indicated by the trading in the index futures. Key economic data will have a bearing on the day’s market direction, although conviction in the potential move could be less due to the thin trading volume that is characteristic of pre-holiday trade.
U.S. stocks look set for a positive start on Wednesday, with the index futures trading moderately higher. Sentiment going into the session likely hinges on a couple of economic readings and energy prices.