Developments on Greece, Strong Domestic Data Aid Sentiment
The major U.S. index futures are pointing to a sharply higher opening on Wednesday, with sentiment suggesting buoyancy amid signals that intent is shown by Greece to reach an amicable solution. Adding to the optimism, U.S. economic data has been strong, pointing to a strong recovery. The positive mood is despite the Chinese manufacturing data showing slackening activity. The dollar is higher in reaction to the U.S. private payrolls data that showed a strong pace of job addition by the private sector in the U.S. The domestic market may also track the results of the Institute for Supply Management's national manufacturing survey.
7/1/2015 12:11:45 PM After moving sharply higher at the open, stocks continue to see notable strength in mid-day trading on Wednesday. Buying interest has waned from earlier in the session, however, leading the major averages to pull back well off their highs.