Tech Earnings May Help Markets Sustain Momentum
The major U.S. index futures are pointing to a higher opening on Wednesday, signaling that the momentum the markets built up in past two sessions may carry through into the session. Earnings news, especially from tech companies, has been encouraging, which may create a buying opportunity in beaten down tech stocks. That said, there have been disappointments as well. Housing starts data released a short while ago came in slightly soft. Against the backdrop, the markets may also focus on the industrial production report due to be released shortly.