U.S. stock index futures were higher Wednesday morning, as traders prepared for some respite from the latest wave of global selling.
At around 7 a.m. ET, Dow Jones Industrial Average futures indicated a gain of about 89 points. Futures on the S&P 500 and Nasdaq 100 were also relatively upbeat Wednesday morning.
U.S. stocks sold off for a second consecutive session on Tuesday, as energy shares dropped with oil prices, while retailers including Target and Kohl tumbled after weaker-than-expected earnings and forecasts.
The latest bout of selling comes amid escalating concerns about global economic growth, with the tech-heavy Nasdaq closing at its lowest level in more than seven months Tuesday. Meanwhile, the S&P 500 and Dow ended the previous session at their weakest level since late October.
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On the data front, investors are likely to closely monitor durable goods figures for October at around 8:30 a.m. ET. Existing home sales data for October and a final reading of consumer sentiment for November are both scheduled to be released at around 10:00 a.m.
Source: cnbc.com | Original Link