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Dow set to open 220 points higher as stocks attempt to rebound from ugly start to week

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Market Watch
January 31, 2018

U.S. stock futures were set to rise firmly higher on Wednesday, putting the Dow on track to recover some of its roughly 540 points lost over the past two days.

Strategists said President Donald Trump’s relatively subdued, and less inflammatory, State of the Union address could be helping the investing mood, as traders brace for a Federal Reserve statement, more earnings reports and a raft of economic data.

What are the main benchmarks doing?

Dow Jones Industrial Average futures YMH8, +0.83%  gained 220 points, or 0.9%, to 26,277, while S&P 500 futures ESH8, +0.36%  added 12.50 points, or 0.4%, to 2,836.75. Nasdaq-100 futures NQH8, +0.52% tacked on 33 points, or 0.5%, to 6,974.50.

On Tuesday, the Dow DJIA, -1.37%  suffered its biggest one-day drop in eight months, falling by about 363 points, or 1.4%. The S&P 500 SPX, -1.09%  gave up 1.1%, and the Nasdaq Composite COMP, -0.86%  lost 0.9%.

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This article was posted: Wednesday, January 31, 2018 at 9:06 am

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