The DJIA dipped into negative territory for the year-so-far on Friday amid concerns that a strong bounce back in second quarter growth could lead the Federal Reserve to increase interest rates sooner than expected. While those fears abated a little on Friday, lifting stocks off their lows, the market still lost almost 3% over the week.
Futures trading currently indicates that the DJIA will open 35 points higher Monday, while the S&P 500 will open 5 points higher.
"Despite this slightly positive start to the week, there does appear to be a little caution in the markets," said
There's little in the US economic calendar of interest Monday, with just the ISM New York index for July at
About 75% of S&P 500 companies have now reported their second quarter earnings, with the majority beating expectations.
"So far, the news is positive on the growth front. All sectors have reported an increase in sales and earnings growth. Sales growth was particularly strong in the consumer services sector, which bodes well for overall GDP," said Forex.com research director
"This was a good performance in the face of further margin contraction, additional conduct provisions and lower
Heading toward the
The currency market has remained very subdued so far Monday, with the pound a marginal outperformer following a strong
The pound currently trades at
Most Popular Stories
- Tablets, Cars Drive AT&T Gains
- 2015 Mazda MX-5 Miata Is Fast and Eager
- Small Businesses Add 3 More Worries to Their List
- DOMA Tech Adding Jobs to Process VA Claims
- Apple Warns of China iCloud Attack
- Tech Firms Flock to LA's 'Silicon Beach'
- Job Hunting Is Hard Work
- Stocks Subdued After Gains Earlier in Week
- Ford, GM Expect to Report Strong Profits
- Consumer Prices Edge Up, Surprising Economists