Stock futures point to fresh all-time highs for St
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Stock futures point to fresh all-time highs for Street
MADRID (MarketWatch) — Wall Street’s main indexes looked poised to mark fresh all-time highs at the open on Monday , with an-easy money stance from the Federal Reserve sticking as the key driver for investors.
Events ahead include a home builders’ index and speeches from several Federal Reserve officials.
Global gains stemming from upbeat European trade data and continued reaction to Chinese reforms helped underpin the positive sentiment.
Building on earlier gains, futures for the Dow Jones Industrial Average (CBE
JZ3) rose 56 points, or 0.4%, to 15,969, while those for the S&P 500 index (GLC:SPZ3) rose 3 points to 1,796.50. Futures for the Nasdaq 100 index (CME:NDZ3) added 2.75 points to 3,419.25.
Fawad Razaqzada, technical analyst at Forex.com, said a breach of 16,000 in the Dow could trigger some profit-taking, which would cause a “healthy pullback” amid the big march higher for markets. http://www.marketwatch.com/story/stock-future...atest_news
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