{"id":18290,"date":"2022-02-07T13:16:07","date_gmt":"2022-02-07T13:16:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/futures-point-to-moderately-higher-open-for-wall-street-3\/"},"modified":"2022-02-07T13:16:07","modified_gmt":"2022-02-07T13:16:07","slug":"futures-point-to-moderately-higher-open-for-wall-street-3","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/futures-point-to-moderately-higher-open-for-wall-street-3\/","title":{"rendered":"Futures Point To Moderately Higher Open For Wall Street"},"content":{"rendered":"
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Early cues from the U.S. Futures Index suggest that Wall Street might open moderately higher on Monday.
Asian shares finished broadly lower. <\/p>\n

As of 7.35 am ET, the Dow futures were gaining 28.00 points, the S&P 500 futures were adding 20.50 points and the Nasdaq 100 futures were progressing 61.50 points.<\/p>\n

The U.S. major averages finished mostly up on Friday. The Dow edged lower by 21.42 points or 0.06 percent to 35,089.74. The S&P 500 advanced 23.09 points or 0.52 percent to 4,500.53, while the Nasdaq climbed 219.19 points or 1.58 percent to settle at 14,098.01.<\/p>\n

The Nasdaq gained nearly 2.5 percent in the week, while the Dow and the S&P 500 gained 1.1 percent and 1.5 percent, respectively.<\/p>\n

On the economic front, Investor Movement Index for January will be published at 12.30 pm ET. In the prior month Index was at 7.9. <\/p>\n

The Fed Consumer Credit for December will be issued at 3.00 pm ET. The consensus is for $21.0 billion, while it was up $39.9 billion in the prior month. <\/p>\n

Asian stocks ended mostly lower on Monday. Chinese shares rallied after a week-long holiday for the Lunar New Year. The benchmark Shanghai Composite index climbed 68.14 points, or 2.03 percent, to 3,429.58 while Hong Kong’s Hang Seng index ended on a flat note at 24,579.55, reversing an early slide.<\/p>\n

Japanese stocks declined. The Nikkei average fell 191.12 points, or 0.70 percent, to 27,248.87 while the broader Topix index closed 0.24 percent lower at 1,925.99.<\/p>\n

Australian markets<\/span> recoupled early losses to end on a flat note. The benchmark S&P\/ASX 200 index ended down 9.40 points, or 0.13 percent, at 7,110.80, after having fallen nearly 1 percent earlier in the day. The broader All Ordinaries index ended largely unchanged at 7,414.20. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n