US stocks seen opening higher


(MENAFN- ProactiveInvestors - N.America)

Futures trading is pointing to a higher open on Wall Street today as oil climbs higher and European shares are also gaining ground.

Yesterday saw further falls across the board although a late rally in some healthcare stocks recovered some losses. The benchmark Dow Jones finished 13 down at 16014 and the Nasdaq shed 15 at 4269.

The broader S&P500 was around flat at 1852.

In futures today the Dow is trading up 145 points; the Nasdaq is around 60 ahead and the S&P500 added around 20 points.

On the political front there is sure to be plenty of commentary on the victory of Republican Trump and Democrat Sanders in the New Hampshire primary.

In London at the time of writing the FTSE100 is up 77 at 5709 at the time of writing while the German DAX is 2.38% higher.

A rise in the crude has helped boost sentiment a tad with futures jumping around 2% overnight to over US$28 a barrel.

Traders will be more than a little interested in a government update later this morning when it will update its weekly crude oil inventories.

Spot US crude at the time of writing is 2.33% higher at US$28.58.

In the corporate arena film maker Disney (NYSE:DIS) saw shares fall after hours despite it announcing an increase in quarterly profit boosted by Star Wars but earnings on its cable networks fell by 5% as costs on sports channel ESPN rose.


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