Wall Street targets wide open

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Wednesday’s highlight may be a report on consumer confidence and existing home sales.

As the holiday season approaches, the United States plans to increase vaccination of its citizens in light of the spread of the new variant Omicron.

Early signs of the US futures index suggest that Wall Street may open wide.

At 6:50 am ET, Dow futures rose 70.00 points, S & P 500 futures rose 4.25 points and Nasdaq 100 futures fell 2.00 points.

The US key average closed positive on Tuesday. The Dow rose 560.54 points (1.6%) to 35,492.70, the Nasdaq rose 360.14 points (2.4%) to 15,341.09, and the S & P 500 rose 81.21 points (1.8%) to 4,649.23.

Economically, GDP for the third quarter is scheduled for 8:30 EST. The consensus increased by 2.1%, but increased by 2.1% in the previous quarter.

The November Federal Reserve Bank of Chicago National Activity Index will be released at 8:30 EST. Last month’s index rose 0.76.

Third-quarter corporate profits will be issued at 8:30 EST. In the previous quarter, the year-on-year rate after tax increased by 27.6%.

The Conference Board’s consumer confidence in December will be published at 10 am Eastern Standard Time. The consensus was 110.7, up 109.5. In November.

Existing home sales in November will be released at 10 am Eastern Standard Time. The consensus is 65.1 million, compared to 6.34 billion last month.

This week’s Energy Information Agency or EIA Oil Status Report will be published at 10:30 EST. Crude oil inventories fell 4.6 million barrels last week and gasoline inventories fell 700,000 barrels.

A five-year Treasury Inflation Protection Securities or TIPS auction will take place at 1:00 pm Eastern Standard Time.

The rise in Asian stocks slowed on Wednesday. Chinese stocks fell slightly. The Hang Seng Index in Hong Kong rose 0.57% to 23,102.33.

Japan market Chip makers and other tech stocks have accelerated the pace of the risers. The Nikkei Stock Average rose 44.62 points (0.16%) to 28,562.21, while the broader Tokyo Stock Price Index closed at a slightly higher 1,971.51.

The Australian market has ended a rather overpriced and volatile session. The benchmark S & P / ASX 200 index rose 0.13% to 7,364.80. The wider All Ordinaries index ended at 0.21 percent at 7,682.60.

European stocks are mostly traded high. Among the major indexes in the region, France’s CAC 40 index has risen by 15.86 points (0.23%). Germany’s DAX has added 28.00 points or 0.18 percent, and the UK’s FTSE 100 index has scored 2.66 points or 0.04 percent.

The Swiss market index is down 63.44 points or 0.50 percent.

The Eurostocks 50 Index, which summarizes the 50 best stocks in the euro area, is up 0.12%.

Contact for comments and feedback: editorial@rttnews.com

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Wall Street targets wide open

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