US Stock Futures Signal Higher Advance in Wall Street
US stock futures were stronger today, recovering after the Dow Jones Industrial Average finished below the psychological 10,000 mark for the first time since early November 2009. The gains indicated that the S&P 500 may rebound today, after dropping 0.9% yesterday. While futures on the S&P 500 gained 5.7 points to 1061.60, those on the Nasdaq 100 climbed up 12.75 points to 1747.20. Meanwhile, the Dow Jones Industrial Average futures moved up 35 points.
With mining stocks getting support from strong metal prices and banks gaining in Europe, the FTSEurofirst 300, .FTEU3, index of leading European shares inched up. European equities also got support from the news of European Central Bank President Jean-Claude Trichet departing from a summit in Sydney earlier than planned. The market interpreted Trichet's departure as improved possibilities for a bailout package for countries burdened with sovereign debt by the end of this week.
In Asia, Japan's Nikkei stock average, .N225, hit a two-month closing low as concerns about the Eurozone's sovereign debt heightened.
Read more from Benzinga's Markets.
