Plus   Neg

Wall Street To Open Positive


The investors are looking ahead to Industrial Production reports as well as JOLTS report. Johnson & Johnson, Morgan Stanley, and UnitedHealth will be releasing their quarterly results.

Asian shares finished mostly positive, while Europe shares are trading higher.

Early signs from the U.S. Futures Index suggest that Wall Street might be opening higher.

As of 8.00 am ET, the Dow futures were progressing 165 points, the S&P 500 futures were up 15.25 points and the Nasdaq 100 futures were adding 58.25 points.
U.S. stocks closed firmly in negative territory. The Dow fell 89.44 points or 0.4 percent to 25,250.55, the Nasdaq slid 66.15 points or 0.9 percent to 7,430.74 and the S&P 500 dropped 16.34 points or 0.6 percent to 2,750.79.

On the economic front, Redbook data, a weekly measure of comparable store sales at chain stores, discounters, and department stores, will be released at 8.55 am ET.

Industrial Production report for September will be published at 9.15 am ET. The consensus is for growth of 0.2 percent, while it grew 0.4 percent in the prior month.

Housing Market Index for October will be issued at 10.00 am ET. The consensus is for 67, unchanged from September.

The job openings and labor turnover survey report or JOLTS for August will be revealed at 10.00 am ET. The consensus is for 6.905 million, down from 6.939 million a month ago.

Treasury International Capital data for August will be released at 4.00 pm. The prior month's foreign demand for long term U.S. securities was $74.8 billion.

Asian stocks ended broadly higher on Tuesday. Chinese stocks ended lower after the release of inflation data. The benchmark Shanghai Composite index fell 21.77 points or 0.85 percent to 2,546.33 while Hong Kong's Hang Seng index closed marginally higher at 25,462.26.

Japanese shares rallied. The Nikkei average jumped 277.94 points or 1.25 percent to 22,549.24. The broader Topix index closed 0.74 percent higher at 1,687.91.

Australian shares closed higher. The benchmark S&P/ASX 200 index rose 32.80 points or 0.56 percent to 5,869.90 after a six-day sell-off, while the broader All Ordinaries index ended up 29.80 points or 0.50 percent at 5,977.80.

European shares are mostly up. France's CAC 40 is climbing 31.88 points or 0.62 percent. Germany's DAX is up 79.43 points or 0.69 percent. FTSE 100 of U.K. is declining 3.63 points or 0.05 percent. Swiss Market Index is progressing 63.90 points or 0.74 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is progressing 0.64 percent.

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