Saturday, February 8, 2014

Stock futures point to more merry investors

Investors on Wall Street were pushing major market indexes higher in pre-market trading.

Ahead of the resumption of regular trading after a day off for Christmas, the Dow Jones industrial average index futures were up only 4 points, or less than 0.1%, while the Standard & Poor's 500 index futures were up 0.4% and the Nasdaq composite index futures were up 0.1%.

On Tuesday, the Dow and S&P 500 index logged gains of 0.4% and 0.3%, respectively in a shortened trading session before Christmas Eve. The Nasdaq composite finished 0.1% higher.

TUESDAY: Stocks, Treasury yield climb on Christmas Eve

Investors have had plenty to be merry about this Christmas season. The S&P 500 index, which rose 0.3% on Chirstmas Eve to a record 1833.32, is on pace to have its best year in 16 years, while the Dow is having its best year since 2003 and the Nasdaq composite is set to have its sixth-best year since its inception.

MORE: Stocks on track for best year since 1997

STOCK OUTLOOK: Will 2014 be another slam dunk for stocks?

In Asia, Japan's Nikkei 225 climbed 164.45 points, or 1.0%, to finish at 16,174.44 and Hong Kong's Hang Seng index gained 257.99 points, or 1.1%, to close at 23,179.55. The Shanghai Composite dropped 33.25 points, or 1.6%, to close at 2,073.10.

Major European benchmarks remained closed for the Christmas holiday.

Contributing: The Associated Press


No comments:

Post a Comment