Index futures trading suggests shares could open slightly higher on Wednesday. The lack of key trading cues, other than a few readings in the real estate market, makes it difficult to predict trading direction.
US stocks started the week lackluster The major averages ended a volatile session on a mixed note. That Nasdaq Composite dropped sharply during the Dow Industrial’s average, the outperformer of the year, landed in the green. Recession fears, the rise in bond yields and sharp declines in heavily weighted technology stocks all contributed to dragging the averages.
| index | Performance (+/-) | value | |
|---|---|---|---|
| Nasdaq Composite | -1.38% | 10,353.23 | |
| S&P 500 Index | -0.40% | 3,829.25 | |
| Dow Industrials | +0.11% | 33,241.56 |
See also: The best options trading strategies
With Tuesday’s decline, the Nasdaq Composite Index has pulled back to its early November lows. A majority of sectors fell during the session, with technology and consumer discretionary stocks bearing the brunt of the sell-off.
Here’s an inside look at index futures trading:
| index | Performance (+/-) | |
|---|---|---|
| Nasdaq 100 futures | +0.18% | |
| S&P 500 futures | +0.23% | |
| Dow futures | +0.25% | |
| R2K futures | +0.49% |
In premarket trading on Wednesday the SPDR S&P 500 ETF Trust SPY rose 0.24% to $382.30 during the Invesco QQQ Trust QQQ gained 0.17% to $264.03 Benzinga Pro data.
On the economic front, the Association of Mortgage Banks will release its mortgage application volume data for the week ended December 23 at 7 a.m. EST.
That Redbook indexa sales-weighted index of year-over-year sales growth in a sample of large US retailers, is scheduled to be released at 8:55 a.m. EST.
At 10 p.m. EST, the National Association of Real Estate Agents will release the upcoming home sales…
[ad_2]
Source story
