The US stocks are likely to see early buying after seeing a late strength in the previous session. The major index futures in the US are indicating a higher open for the markets.
At the time of writing, the DJIA futures traded 0.43% higher at 17,373.50 levels, while the S&P futures traded 0.44% higher at 2025.95 levels. Meanwhile, NASDAQ and Russell futures were up 0.29% and 0.45% at 4197.70 and 1179.20 levels respectively. The VIX futures traded 1.75% lower at 19.63 levels.
The positive action in the index futures is mainly driven by Crude prices, which continue to rally after more than 11% gains seen in the previous two sessions. The price of oil has climbed back above the key USD 50/barrel amid increasing speculation that non-OPEC nations plan to cut production.
Among stocks, UPS is likely to be in focus after the company met its lowered fourth quarter earnings target but provided disappointing guidance for 2015. Meanwhile, trading will also be affected by the commerce department report on factory orders due for release today.
At the time of writing, the DJIA futures traded 0.43% higher at 17,373.50 levels, while the S&P futures traded 0.44% higher at 2025.95 levels. Meanwhile, NASDAQ and Russell futures were up 0.29% and 0.45% at 4197.70 and 1179.20 levels respectively. The VIX futures traded 1.75% lower at 19.63 levels.
The positive action in the index futures is mainly driven by Crude prices, which continue to rally after more than 11% gains seen in the previous two sessions. The price of oil has climbed back above the key USD 50/barrel amid increasing speculation that non-OPEC nations plan to cut production.
Among stocks, UPS is likely to be in focus after the company met its lowered fourth quarter earnings target but provided disappointing guidance for 2015. Meanwhile, trading will also be affected by the commerce department report on factory orders due for release today.
