{"id":51609,"date":"2024-10-14T12:42:13","date_gmt":"2024-10-14T12:42:13","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/14\/wall-street-might-open-broadly-positive-2\/"},"modified":"2024-10-14T12:42:13","modified_gmt":"2024-10-14T12:42:13","slug":"wall-street-might-open-broadly-positive-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/14\/wall-street-might-open-broadly-positive-2\/","title":{"rendered":"Wall Street Might Open Broadly Positive"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

The economic calendar is quiet on Monday. Investors are on evaluating major economic announcements this week, especially the reports on retail sales and industrial production.<\/p>\n

Earnings news is also likely to attract attention this week. Major corporates such as Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Johnson & Johnson, UnitedHealth (UNH), Morgan Stanley (MS) and Netflix (NFLX) have scheduled their quarterly earnings reports this week.<\/p>\n

Initial trends on the U.S. Futures Index suggest that Wall Street might open broadly up. <\/p>\n

As of 8.15 am ET, the Dow futures were down 75.00 points, the S&P 500 futures were adding 10.00 points and the Nasdaq 100 futures were progressing 65.25 points.<\/p>\n

The U.S. major averages pulled back off their best levels going into the close but remained firmly positive. The Dow jumped 409.74 points or 1.0 percent to 42,863.86, the S&P 500 climbed 34.96 points or 0.6 percent to 5,815.03 and the Nasdaq rose 60.89 points or 0.3 percent to 18,342.94.<\/p>\n

On the economic front, the Minneapolis Fed President Neel Kashkari will participate in a panel discussion at the Central Bank of Argentina’s Money and Banking Conference at 9.00 am ET.<\/p>\n

Fed Governor Christopher Waller will speak on the economic outlook before the ‘A 50-Year Retrospective on The Shadow Open Market Committee and Its Role in Monetary Policy’ conference hosted by Stanford University at 3.00 pm ET. <\/p>\n

Minneapolis Fed President Neel Kashkari will participate in lecture\/fireside chat hosted by the Department of Economics at Torcuato di Tella University at 5.00 pm ET.<\/p>\n

Asian stocks ended mixed in thin trade on Monday. China’s Shanghai Composite index ended 2.07 percent higher at 3,284.32. Hong Kong’s Hang Seng index settled 0.75 percent lower at 21,092.87.<\/p>\n

Japanese markets<\/span> were closed for a holiday.<\/p>\n

Australian markets eked out modest gains to end near two-week highs. The benchmark S&P\/ASX 200 rose 0.47 percent to 8,252.80 while the broader All Ordinaries index closed 0.45 percent higher at 8,529.50. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n