US Stocks Seen Higher After Monday’s Heavy Losse
Post# of 102244
US Stocks Seen Higher After Monday’s Heavy Losses
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, after volatile investor sentiment caused shares to fall more than one percent on Monday.
http://www.cnbc.com/id/47777440
U.S. shares rose in early trade on Monday on investor optimism after Spain’s bailout deal was completed on Saturday, but reversed gains later in the session as concerns regarding global economic stagnation reemerged. The Dow Jones Industrial Average [.DJIA 12411.23 --- UNCH ] closed 1.14 percent or 142.97 points lower, finishing at 12,411.23, reversing four consecutive sessions of gains.
U.S. economic data due on Tuesday includes the Treasury’s monthly budget for May, out at 2 p.m. New York time. Economists polled by Briefing.com forecast a $125 billion deficit, against a $57.6 billion deficit in April. The Treasury will also auction $32 billion in 3-year notes on Tuesday, with the results available shortly after 1 p.m.
At 8:30 a.m. the government will report import and export prices for May. Export prices (excluding agricultural products) rose by 0.2 percent in April, and import prices (excluding oil) rose by 0.1 percent.
The National Federation of Independent Business Small Business Optimism Index for May is released at 7:30a.m. in New York. It is expected to remained unchanged from the April report which jumped two points to 94.5, its best reading in a year.
At 11:30 a.m. New York time Fed Governor Daniel Tarullo will give a speech at the Federal Reserve Bank of San Francisco about shadow banking.
(0)
(0)