Bargain hunting may contribute to early strength on
Traders may also react positively to quarterly results from
Meanwhile, geopolitical worries may continue to weigh on the markets after contributing to the substantial weakness seen in the previous session.
Traders continue to keep an eye on developments in
The plan crash came a day after the US imposed new sanctions against
The situation in
"That said, of all the global concerns out there, I remain of the belief that the Federal Reserve is the biggest risk to asset prices than anything geopolitical," he added.
Not long after the open, trading could be impacted by a report from
The preliminary reading on the consumer sentiment index is expected to come in at 83.0 in July compared to the final June reading of 82.5.
With geopolitical concerns generating considerable selling pressure, stocks moved sharply lower over the course of the trading day on Thursday. The losses on the day more than offset Wednesday's gains, with the Dow pulling back well off its record closing high.
The major averages closed firmly in negative territory but off their lows for the session. The Dow dove 161.39 points or 0.9% to 16,976.81, the Nasdaq plunged 62.52 points or 1.4% to 4,363.45 and the S&P 500 tumbled 23.45 points or 1.2% to 1,958.12.
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