Rate Fears Render the Mood Cautious
The major U.S. index futures are pointing to a slightly higher opening on Wednesday, with sentiment reflecting nervousness as traders are unclear of the Fed's stance on the pace of further rate increases. Commodities are all low, reflecting the risk off mood, and the dollar is mostly higher. Traders may also seek clues from the existing home sales report due shortly after the markets open. With the major averages closing in on their all time highs yet again, valuations concerns may also weigh down in the minds of traders.
8/24/2016 8:56:14 AM Stocks may experience choppy trading early on Wednesday after ending the previous session modestly higher. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 2 points.