Risk Aversion May Stifle Buying Interest
The major U.S. index futures are pointing to a notably higher opening on Monday, with sentiment reflecting the uneasiness of traders amid lack of visibility into domestic interest rates and global economic outlook. Commodities are weaker, with crude oil down by close to a dollar per barrel. Risk aversion could stifle any kind of fight the markets may have to offer. Traders may also draw clues from the results of a regional business activity survey.
8/31/2015 4:27:46 PM Stocks moved mostly lower over the course of the trading day on Monday, giving back some ground following the recovery seen last week. The markets rebounded after moving lower in early trading but moved back to the downside as the day progressed.