Asian markets are exhibiting a mixed trend on Thursday with investors treading cautiously despite a positive lead from Wall Street where the major averages ended higher overnight following the U.S. Federal Reserve's decision to maintain interest rates at record lows till 2015.
Stocks saw some volatility following the release of the Federal Reserve's monetary policy announcement on Wednesday but managed to end the day modestly higher. With the upward move, the Dow reached a new record closing high.
While buying interest has remained somewhat subdued, stocks continue to see modest strength in mid-day trading on Wednesday. The Dow has pulled back off its new record intraday high but remains in positive territory.
Stocks have moved modestly higher in early trading on Wednesday, extending the upward move seen in the previous session. The major averages have all moved to the upside, with the Dow reaching a new record intraday high.
After ending the previous session notably higher, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 2 points.
Trading in the U.S. index futures suggests that Wall Street stocks may open little changed on Wednesday, as traders await the Fed decision. Although the Fed is unlikely to tinker with interest rates and the pace of reduction in its asset purchase program, the markets are bracing for a message from the Fed concerning the itinerary for interest rate normalization.
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground.
After recovering from an initial move to the downside, stocks have moved mostly higher over the course of the trading day on Tuesday. The major average have all turned positive, with the Nasdaq and the S&P 500 bouncing off their worst levels in almost a month.
Stocks moved to the downside at the start of trading on Tuesday but have shown a notable rebound since then. The major averages have bounced well off their lows for the young session and are now lingering near the unchanged line.
Following the lackluster performance seen during the previous session, stocks may move to the downside in early trading on Tuesday. The major index futures are currently pointing to a moderately lower open for the markets, with the Dow futures down by 33 points.
Early indications suggest that Wall Street stocks may open lower on Tuesday as traders nervously await the FOMC decision due on Wednesday. The central bank's monetary policy committee meets later in the day for a 2-day meeting amid signals of strengthening economic recovery. Meanwhile, global cues are negative, with Asian stocks closing lower, while the European markets are also seeing weakness.
Stocks largely turned in a lackluster performance during trading on Monday, as traders looked ahead to the Federal Reserve's monetary policy announcement later this week. Technology stocks saw significant weakness, however, resulting in a sharp drop by the tech-heavy Nasdaq.
With traders looking ahead to the Federal Reserve's monetary policy announcement later this week, stocks are largely showing a lack of direction during trading on Monday. Technology stocks are seeing significant weakness, however, resulting in a sharp drop by the tech-heavy Nasdaq.
Stocks have moved to the downside in early trading on Monday, adding to the losses posted last week. The major averages have all slid into negative territory, although the tech-heavy Nasdaq is underperforming its counterparts.
While trading activity may be somewhat subdued, stocks are likely to move to the downside at the start of trading on Monday. The major index futures are currently pointing to a slightly lower open for the markets, with the Dow futures down by 8 points.