Despite another poor Asian session, Wall Street continues to nudge its way higher with futures suggesting some modest gains will be seen at the opening bell.
Economic data remains thin on the ground, but yesterday’s slightly softer PPI readings again play towards the idea that the Fed could push to suspend quantitative tightening at some point soon, so again this stands to underpin support for equities, especially in the absence of other news.
There are a couple of notable tech firms reporting today, Oracle (NYSE:ORCL) and Adobe (NASDAQ:ADBE). With the sector having been responsible for driving indices higher in recent months, these numbers may attract a little more attention than usual. January’s new home sales figure is due shortly after the opening bell, but some caution should be used here with the number likely to have been impacted by the government shut down at the start of the year.
Otherwise, unless there’s some progress from the US-China trade deal, it’s looking like a relatively quiet run into the weekend break.
Ahead of the open we’re calling the Dow up 49 at 25752 and the S&P 500 up 6 at 2817.