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Stocks point higher as market approaches new year

Stocks point higher as market approaches new year

Stocks are headed toward early gains as the market goes into the last few days of trading before the new year.
The market is expected to be buoyed by a spate of positive economic news in recent weeks, though economic data released Tuesday showed that consumers are still fretting about high unemployment.
Overseas markets in China and Germany were also performing well.
Ahead of the opening bell on Wednesday, the Dow Jones industrial average futures are up 12 points, or 0.1 percent, to 11,521. S&P 500 futures are up 1.3, or 0.1 percent, to 1,255. Nasdaq composite futures are up 5.5, or 0.2 percent, to 2,231.
Traders will closely watch the U.S. Treasury's auction of $29 billion in 7-year notes on Wednesday, following a disappointing sale of Treasury notes on Tuesday that sent bond prices lower.


Updated : 2021-05-06 08:32 GMT+08:00