Stocks aim for 4th straight daily gain; S&P, Nasdaq again poised for records

U.S. stock-index futures were slightly higher on Wednesday, suggesting that equities could push even deeper into record territory as major indexes aim for their fourth straight advance.

Futures for the Dow Jones Industrial Average rose 32 points, or 0.1%, to 26,117. S&P 500 futures were up 3.2 points to 2,902.50, a gain of 0.1%. Nasdaq-100 futures  added 17 points to 7,595, a gain of 0.2%.

Stocks ended with only marginal gains in Tuesday’s session, but that was enough to give all three major indexes their third straight daily advance, and for both the S&P 500 and the Nasdaq to close at a record for three straight days.

For the month of August, the Dow % is up 2.6%, the S&P is up 2.9%, and the Nasdaq is up 4.7%. Both the S&P and the Nasdaq are on track for their fifth straight monthly gain.

AFP

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European Stocks Poised for Worst Week in Seven as Miners Decline

European equities open little changed, set for the worst weekly decline in almost two months, as mining and auto shares retreated amid concerns about trade and global growth.

The Stoxx Europe 600 Index added less than 0.1 percent, poised for a drop of 1.1 percent this week, the worst since the five days ending June 29. Bayer climbed 1.5 percent after yesterday vowing to step up its defense against a wave of U.S. lawsuits over the herbicide Round.

Bloomberg

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U.S. Stocks Poised to Hold Near Records Ahead of String of Economic Reports

U.S. stock-index benchmarks looked set for a skittish start on Thursday as investors fought to shake off disputes between China and the U.S. to focus on mostly strong corporate earnings and a healthy economic backdrop.

A series of employment reports on the labor market, U.S. inventories and inflation set for later in the morning may provide more insight about the state of the economy as the S&P 500 and the Nasdaq remain within a hair’s breadth of fresh all-time highs.

Futures for the Dow Jones Industrial Average were trading virtually unchanged at 25,540, those for the S&P 500 index also were near the flatline around 2,857, while futures for the Nasdaq-100 were up less than 0.1% at 7,478.75.

On Wednesday, the S&P 500 index broke a four-day win streak by closing fractionally lower at 2,857.70, holding less than 0.5% from its all-time high hit on Jan. 26.

Source : Market Watch

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