Futures pointing to higher open ahead of inauguration
2017-01-20 07:17:25
Stock futures are pointing to a higher open in early trading as the world readies for the inauguration of the United States' 45th President. The market has been drifting lower over the past two weeks as investors await clarity from the Trump administration on tax reform, deregulation, and infrastructure spending. Oil prices are higher by roughly 1% in early trading and China's economic data released overnight was generally encouraging, both of which may also be helping support stocks in the early going. In pre-market trading, Dow futures are 36 points above fair value, Nasdaq futures…
Stock futures are pointing to a higher open in early trading as the world readies for the inauguration of the United States' 45th President. The market has been drifting lower over the past two weeks as investors await clarity from the Trump administration on tax reform, deregulation, and infrastructure spending. Oil prices are higher by roughly 1% in early trading and China's economic data released overnight was generally encouraging, both of which may also be helping support stocks in the early going. In pre-market trading, Dow futures are 36 points above fair value, Nasdaq futures are 18 points above fair value and S&P futures are 7 points above fair value.