(MENAFN– ecpulse) Wall Street looks set to extend the Santa Claus Rally, which in recent sessions has sent benchmark U.S. stock indices to all-time highs.
However, Holiday trading could keep volume below average, questioning the sustainability of momentum; however the mood is markedly positive.
The major U.S. index futures are pointing to a notably higher opening on Thursday.
-Futures on the S&P 500 gained 0.175% to 1832.30
-Futures on the Dow Jones Industrial 0.313% to 16354
-Futures on the NASDAQ 100 gained 0.21% to 3577.25 . As of 06:35 a.m. ET
Earlier in the global trading day, Asian stocks closed mostly higher, while the European markets are on an extended holiday.
Sentiment going into the session could also hinge on the jobless claims data due to be released shortly before the markets open.
On the economic front, the Labor Department is scheduled to release its jobless claims report for the week ended December 21st at 8:30 am ET. Economists expect claims to have declined to 340,000 from 379,000 in the previous week.
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