American stocks seem to recover from corporate bruising
On Thursday, American shares pointed to a positive start for Wall Street, after markets dared to take a bruising from corporate earning the previous day because market participants waited for some fresh news from the Fed’s speakers.
A surge in crude prices appeared to be quite positive, right after the International Energy Agency informed it observes rather a dramatic reduction in global oversupply later this year.
Futures for the Dow Jones Industrial Average managed to gain up to 47 points, trading at 17,706. As for the S&P 500 index, it grabbed no more than 8 points at 2,066. The Nasdaq 100 futures acquired 19.50 points at 4,371.
The premarket revenues came right after a round of gloomy earning from retailers, seen as an indicator of consumer confidence, sending all American shares lower on Wednesday. Additionally, the Dow average closed down 1.2%, right after a tumble in Walt Disney and Nike shares.
Yesterday American indices closed approximately at the same levels they started on Monday. This definitely reflects how quiet the whole trading week was.