Trading in the U.S. stock futures points to a higher opening on Monday after the past week’s mixed performance. A few dealmaking announcements underline companies’ faith in the economy, proving positive for stocks. The market direction could also hinge on the results of a regional manufacturing survey and a slew of Fed speeches scheduled for the day. Headlines on the debt ceiling could also impact sentiment.
Cues From Past Week’s Trading:
Stocks turned in a mixed performance in the week ended May 12, as caution ahead of inflation data, some disappointing earnings, the ongoing regional banking crisis and the credit ceiling impasse all worked in unison to keep sentiment subdued.
The tech-heavy Nasdaq Composite had a positive close, while the Dow Industrials and the S&P 500 Index ended the week in the red.
U.S. Indices’ Performance Wednesday