Profit Taking May Lead To Early Weakness On Wall Street
The major U.S. index futures are pointing to a lower open on Friday after stocks closed mixed for two consecutive sessions. Traders may look to cash in on some of the recent strength on Wall Street, which helped the Dow close higher for ten straight sessions and reach another new record closing high on Thursday. Nonetheless, trading activity may be somewhat subdued amid some uncertainty about the near-term outlook for the markets.
2/24/2017 4:16:49 PM After seeing modest weakness throughout much of the session, stocks showed a notable upward move going into the close of trading on Friday. The major averages climbed into positive territory, with the Dow extending its winning streak to eleven sessions and reaching a new record closing high.