23 Dec 2014
US stocks likely to extend gains
FXStreet (Mumbai) - The stock markets in the US may rise to fresh record highs today, extending the previous session’s gains as major index futures are pointing to a positive opening.
At the time of writing, the DJIA futures are up 0.46%, while the S&P 500 futures are up 0.49%. The NASDAQ futures have gained 0.41%, along with a 0.68% gain in the Russell futures. Accordingly, the VIX futures declined 1.34%.
The buying interest is likely to be seen in the early session owing to a stellar third quarter GDP report. The final reading on third quarter GDP showed a 5.0% increase compared to the previously estimated 3.9 % growth. Durable goods orders fell by 0.7% in November compared to the 0.3% rise reported for October.
Meanwhile, more data will be released today with with Thomson Reuters and the University of Michigan scheduled to release their revised report on consumer sentiment in the month of December. New home sales are expected to inch up to an annual rate of 460,000 in November, while the data on personal income and spending is also due for release later today.
At the time of writing, the DJIA futures are up 0.46%, while the S&P 500 futures are up 0.49%. The NASDAQ futures have gained 0.41%, along with a 0.68% gain in the Russell futures. Accordingly, the VIX futures declined 1.34%.
The buying interest is likely to be seen in the early session owing to a stellar third quarter GDP report. The final reading on third quarter GDP showed a 5.0% increase compared to the previously estimated 3.9 % growth. Durable goods orders fell by 0.7% in November compared to the 0.3% rise reported for October.
Meanwhile, more data will be released today with with Thomson Reuters and the University of Michigan scheduled to release their revised report on consumer sentiment in the month of December. New home sales are expected to inch up to an annual rate of 460,000 in November, while the data on personal income and spending is also due for release later today.