29 Jan 2015
US Stocks may see early buying
FXStreet (Mumbai) - The US stock markets may see early buying after ending the previous two sessions sharply lower. The major index futures in the US are currently trading higher.
At the time of writing, the DJIA futures traded 0.30% higher at 17,152.00 levels, while the S&P futures traded 0.23% higher at 1996.15 levels. Meanwhile, NASDAQ and Russell futures were up 0.12% and 0.32% at 4129.10 and 1173.20 levels respectively. The VIX futures trade 1.1%1 lower at 20.13 levels.
Stocks may benefit from drop in jobless claims
The early buying in the US stock markets is likely to be fuelled by sharp drop in the initial jobless claims in the previous week. Initial jobless claims tumbled to 265,000, a decrease of 43,000 from the previous week's revised level of 308,000.
However, the positive reaction is likely to be restricted as the Labor Department said the sharp pullback by jobless claims was partly due to seasonal issues around the Martin Luther King, Jr. Day holiday.
At the time of writing, the DJIA futures traded 0.30% higher at 17,152.00 levels, while the S&P futures traded 0.23% higher at 1996.15 levels. Meanwhile, NASDAQ and Russell futures were up 0.12% and 0.32% at 4129.10 and 1173.20 levels respectively. The VIX futures trade 1.1%1 lower at 20.13 levels.
Stocks may benefit from drop in jobless claims
The early buying in the US stock markets is likely to be fuelled by sharp drop in the initial jobless claims in the previous week. Initial jobless claims tumbled to 265,000, a decrease of 43,000 from the previous week's revised level of 308,000.
However, the positive reaction is likely to be restricted as the Labor Department said the sharp pullback by jobless claims was partly due to seasonal issues around the Martin Luther King, Jr. Day holiday.