Futures point to rebound, aided by Wal-Mart beat
2017-11-16 07:42:02
Stock futures have been higher all morning, taking their lead from overseas markets, which rebounded from yesterday's selloff. Helping solidify sentiment in the U.S. were results from Wal-Mart, which posted better expected quarterly sales and profits and boosted its full-year earnings outlook. Next up, investors will be watching the weekly jobless claims data, industrial production and capacity utilization reports for last month and the NAHB's housing market index. In pre-market trading, Dow futures are 100 points above fair value, Nasdaq futures are 32 points above fair value and…
Stock futures have been higher all morning, taking their lead from overseas markets, which rebounded from yesterday's selloff. Helping solidify sentiment in the U.S. were results from Wal-Mart, which posted better expected quarterly sales and profits and boosted its full-year earnings outlook. Next up, investors will be watching the weekly jobless claims data, industrial production and capacity utilization reports for last month and the NAHB's housing market index. In pre-market trading, Dow futures are 100 points above fair value, Nasdaq futures are 32 points above fair value and S&P futures are 10 points above fair value.