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HomeMarketU.S. stock futures point to bounce back on Wall Street

U.S. stock futures point to bounce back on Wall Street

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U.S. stock futures on Thursday were pointing to a bounce back, as key indexes remain locked in a tight range.

What’s happening
  • Dow Jones Industrial Average futures
    rose 244 points, or 0.7%, to 34239.

  • S&P 500 futures
    gained 34.75 points, or 0.8%, to 4165.

  • Nasdaq 100 futures
    increased 149.5 points, or 1.2%, to 12695.

On Wednesday, the Dow Jones Industrial Average
fell 208 points, or 0.61%, to 33949, the S&P 500
declined 46 points, or 1.11%, to 4118, and the Nasdaq Composite
dropped 203 points, or 1.68%, to 11911.

What’s driving markets

The S&P 500 hasn’t gone above 4,200, or below 4,000, this month.

“It feels like the market is transitioning into a tighter range before getting new information on which to decide whether to continue to uptrend or reverse lower,” said Peter Garnry, head of equity strategy at Saxo Bank. “The signs are leaning towards a cyclical uptrend, but the signal-to-noise level remains low across many macro indicators.”

There’s another full slate of earnings including releases from PepsiCo, Hilton and Kellogg’s

There’s not much on the economic calendar besides the release of jobless claims, as traders start to look ahead of the release of consumer price index on Tuesday.


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