Major US indices are looking to open higher to start the day/new trading week
Read full post at forexlive.com
The major US stock indices are set to open higher for the trading day and for the new trading week.
Last week after moving lower the first few days of the week, the major indices rebounded higher help by a less hawkish Fed, and weaker-than-expected US jobs report which pushed yields lower and stocks higher on Friday.
The broader S&P index rose 1.26% on Friday. The NASDAQ index rose 1.99%.
In premarket trading, the futures are point gains of 0.3% to around 0.4%:
- Dow industrial average is trading up 136 points or 0.35%
- S&P index is trading up 19 points or 0.37%
- NASDAQ index is trading up 53.75 points or 0.30%