20 Jan 2015
US stocks likely to see early buying
FXStreet (Mumbai) - The stock markets in the US are likely to see early buying today as indicated by the action in the major index futures.
At the time of writing, the DJIA futures traded 0.38% higher at 17,503 levels, while the S&P futures are up 0.44% at 2021.95 levels. The NASDAQ futures and the Russell futures gained 0.57% and 0.26% to 4157.40 and 1174.90 levels respectively. Consequently, the VIX futures are down 3.2% at 19.68 levels.
Moreover, the stocks are likely to cheer earnings news from companies such as Halliburton and Delta Air Lines in the early session. In pre-market trading, shares in Halliburton are up 2.5%, after it reported Q4 adjusted earnings that exceeded analyst estimates. Shares in Delta are likely to gain as well since weaker oil prices helped beat Q4 earnings estimates. Meanwhile, shares in Morgan Stanley are likely to be on the negative side after it reported Q4 earnings lower than street expectations.
On the data front, the NAHB/Wells Fargo Housing Market Index is expected to come-in at 58 in January after dipping to 57 in December. However, the data is unlikely to impact stock trading in a major way.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday, while the major European equity markets are up in the range of 0.8% to 1.4%.
At the time of writing, the DJIA futures traded 0.38% higher at 17,503 levels, while the S&P futures are up 0.44% at 2021.95 levels. The NASDAQ futures and the Russell futures gained 0.57% and 0.26% to 4157.40 and 1174.90 levels respectively. Consequently, the VIX futures are down 3.2% at 19.68 levels.
Moreover, the stocks are likely to cheer earnings news from companies such as Halliburton and Delta Air Lines in the early session. In pre-market trading, shares in Halliburton are up 2.5%, after it reported Q4 adjusted earnings that exceeded analyst estimates. Shares in Delta are likely to gain as well since weaker oil prices helped beat Q4 earnings estimates. Meanwhile, shares in Morgan Stanley are likely to be on the negative side after it reported Q4 earnings lower than street expectations.
On the data front, the NAHB/Wells Fargo Housing Market Index is expected to come-in at 58 in January after dipping to 57 in December. However, the data is unlikely to impact stock trading in a major way.
Meanwhile, in overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Tuesday, while the major European equity markets are up in the range of 0.8% to 1.4%.