Posts tagged Stock market
Futures Strengthen As The Dollar Weakens
Dec 9th
Image by Getty Images via Daylife
This is unusual, futures gain strength as the USD drops. Could the futures start showing us what the stock market will do rather than the dollar? This certainly requires more study. I thought these articles could give some insight.
Futures rise as greenback slips
Stock futures are indicating a higher open on Wall Street Wednesday, bouncing back from the previous day’s losses as the U.S. dollar resumes its decline.
An upbeat profit and sales forecast from chip maker Texas Instruments Inc. is also helping to boost futures. The technology giant said late Tuesday that it is seeing an increase in demand for chips used in cell phones and other electronics.
Ahead of the market’s open, Dow Jones industrial average futures rose 39, or 0.4 per cent, to 10,310. Standard & Poor’s 500 index futures gained 5.30, or 0.5 per cent, to 1,095.30, while Nasdaq 100 index futures rose 6.50, or 0.4 per cent, to 1,775. –more
We have ourselves a cage match in the stock market today! CNN reports that U.S. markets are “poised for a rebound Wednesday“, and the Associated Press reports this morning that “stock futures rise after sell-off as dollar falls.”
But, today’s dividend futures data for the S&P 500 indicates that we should expect stock prices to fall.
Seeing as we turned out to be right last Thursday, when stock prices rose (even though the value of the U.S. dollar rose as well,) we’ll go with what the dividend futures are telling us as our market prediction for the day. –more
Related futures articles
- Futures Point to Higher Open (online.wsj.com)
- Stock futures rise after sell-off as dollar falls (seattletimes.nwsource.com)
- Commodities, credit fears hit markets (thestar.com)
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