Futures Pointing To Initial Strength On Wall Street

The major U.S. index futures are pointing to a modestly higher opening on Thursday following the modest weakness seen in the previous session.

The upward momentum on Wall Street comes following the release of a report from payroll processor ADP showing a jump in private sector employment in the month of May.

Trading activity may be somewhat subdued, however, as traders may wait on the release of the Labor Department’s more closely watched monthly jobs report before making significant moves.

Stocks were slightly weaker Wednesday, trimming recent gains as news agency Axios reported President Donald Trump has decided to withdraw from the Paris climate accord.

Markets have been jittery this week, spooked by falling crude oil prices and significant geopolitical tensions. Traders also remain unsure about the outlook for interest rates, although all signs point to at least one rate hike this…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *