U.S. stock futures dow jones outlook december 29 2011

U.S. stock futures dow jones outlook december 29 2011 : U.S. stock futures pointed to a moderately higher open in thin year-end trade on Wednesday, as sentiment improved after a well-received Italian bond auction, although investors remained focused on a second sale scheduled Thursday.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.25%, S&P 500 futures signaled a 0.27% increase, while the Nasdaq 100 futures indicated a 0.27% gain.

With most investors already away on year-end leave, trading volumes were expected to remain low, resulting in subdued trade..

On the other hand, the latest U.S. data support the hope that the U.S. economy is gaining momentum, while the ongoing EU debt crisis remains an obstacle in the way of the optimism in the financial market.

On Thursday at 13:30 GMT, U.S. economy will issue its weekly initial claims numbers, where the number of people filing for first-time claims for the state unemployment insurance dropped to 364 thousand last week.

The U.S. economy will issue the Chicago Purchasing Manager for December at 14:45 GMT, where the prior reading was 62.6 and it’s expected to come at 60.2. At 15:00 GMT, Pending Home Sales for November will be and expected with 1.8% rise after 10.4%. For the latest updates on the stock market, visit Stock Market Today For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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