12 Jan 2015
US stocks to take cues from Earnings
FXStreet (Mumbai) - After finishing the last week on a negative note, the US stocks are likely to early buying as indicated by the positive action in the major index futures.
At the time of writing, the DJIA futures traded 0.25% higher at 17693.5 while the S&P 500 futures traded 0.28% higher at 2040.95. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.32% and 0.13% higher at 4214.40 and 1182.00 levels respectively. Consequently, the S&P 500 VIX futures are trading 1.07% lower at 18.43 levels.
The stock markets lack fresh fundamental triggers today in the form of economic data, although Aluminum giant Alcoa is set to unofficially kick off the earnings season with the release of its fourth quarter results after the close of today's trading. Analysts expect Alcoa to report fourth quarter earnings of USD 0.33 per share on revenues of USD 5.99 billion.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Elsewhere, the major European markets are also trading mixed. The German Dax trades 1.00% higher on speculation of QE in the Eurozone, while the London’s Ftse erased gains to trade flat due to weak energy and mining shares.
At the time of writing, the DJIA futures traded 0.25% higher at 17693.5 while the S&P 500 futures traded 0.28% higher at 2040.95. Meanwhile, the NASDAQ futures and the Russell 2000 futures are trading 0.32% and 0.13% higher at 4214.40 and 1182.00 levels respectively. Consequently, the S&P 500 VIX futures are trading 1.07% lower at 18.43 levels.
The stock markets lack fresh fundamental triggers today in the form of economic data, although Aluminum giant Alcoa is set to unofficially kick off the earnings season with the release of its fourth quarter results after the close of today's trading. Analysts expect Alcoa to report fourth quarter earnings of USD 0.33 per share on revenues of USD 5.99 billion.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Elsewhere, the major European markets are also trading mixed. The German Dax trades 1.00% higher on speculation of QE in the Eurozone, while the London’s Ftse erased gains to trade flat due to weak energy and mining shares.