18 Dec 2014
Wall Street likely to extend Post Fed rally
FXStreet (Mumbai) - After positing gains in the previous session, the stock markets in the US appear poised for another positive day as indicated by the action in the US index futures.
At the time of writing, the DJIA futures are up 1.30%, while the S&P 500 futures are up 1.28%. The NASDAQ futures advanced 1.41%, along with a 1.40% gain in the Russell futures. Accordingly, the VIX futures declined 4.27%.
The stocks would also be buoyed by a report from the Labor Department showing an unexpected drop in initial jobless claims in the week ended December 13th. Initial Jobless claims slipped to 289K, a decrease of 6,000 from the previous week's revised level of 295K.
In overseas trading, Asian stocks moved mostly higher, with Nikkei gaining more than 2%, while Hong Kong's Hang Seng Index ending 1.1% higher. Meanwhile, major European markets are also seeing significant strength on the day. The German Dax Index is up by 2.1%, while the French Cac is up 2.7%, while the London’s Ftse is up 1.3%.
At the time of writing, the DJIA futures are up 1.30%, while the S&P 500 futures are up 1.28%. The NASDAQ futures advanced 1.41%, along with a 1.40% gain in the Russell futures. Accordingly, the VIX futures declined 4.27%.
The stocks would also be buoyed by a report from the Labor Department showing an unexpected drop in initial jobless claims in the week ended December 13th. Initial Jobless claims slipped to 289K, a decrease of 6,000 from the previous week's revised level of 295K.
In overseas trading, Asian stocks moved mostly higher, with Nikkei gaining more than 2%, while Hong Kong's Hang Seng Index ending 1.1% higher. Meanwhile, major European markets are also seeing significant strength on the day. The German Dax Index is up by 2.1%, while the French Cac is up 2.7%, while the London’s Ftse is up 1.3%.