25 Nov 2014
Wall street set to open higher on upbeat GDP report
FXStreet (Mumbai) - The action in the US index futures indicates that the US stocks are set to open higher and extend gain after the release of a surprisingly strong Q3 GDP report.
At the time of writing, the DJIA December futures trade 0.21% higher, while the S&P 500 December futures trade 0.18% higher. The mid-cap Russell 2000 futures are up 0.19%, while the NASDAQ futures trade 0.20% in green. Meanwhile, the major European indices have extended their gains. The DAX has surged up by 1.3%, while the Cac is up by 0.8%. The London’s Ftse index trades higher by 0.20%.
The US index futures gained strength after the second estimate of the US Q3 GDP report surpassed market expectations by a big margin to come-in at 3.9%. The stocks may extend gains as the Conference Board is scheduled to release a separate report, which is likely to show consumer confidence index to climb to 96.5 in November after jumping to 94.5 in October.
At the time of writing, the DJIA December futures trade 0.21% higher, while the S&P 500 December futures trade 0.18% higher. The mid-cap Russell 2000 futures are up 0.19%, while the NASDAQ futures trade 0.20% in green. Meanwhile, the major European indices have extended their gains. The DAX has surged up by 1.3%, while the Cac is up by 0.8%. The London’s Ftse index trades higher by 0.20%.
The US index futures gained strength after the second estimate of the US Q3 GDP report surpassed market expectations by a big margin to come-in at 3.9%. The stocks may extend gains as the Conference Board is scheduled to release a separate report, which is likely to show consumer confidence index to climb to 96.5 in November after jumping to 94.5 in October.