US major indices are looking to open higher. The Dow industrial average has been up 5 consecutive days. A rise today and the S&P and NASDAQ will be the 4th and 5 trading days
- Dow futures are implying a rise of 74 points
- S&P futures are implying a rise of 25 points
- NASDAQ futures are implying a rise of 121 points
What seems nearly certain is that the major indices will snap multi-week declines. The Dow industrial average has been down for 8 consecutive weeks, while the NASDAQ index and S&P index have been down for 7 consecutive weeks. All indices are up solidly this week. Nasdaq is up 3.4%, S&P is up 4% this week, and the Dow is up 4.4%.