A heavy batch of data and minutes of the latest Fed meeting await investors one day ahead of the Thanksgiving Day break and shortened session on Friday.
U.S. stock futures were hovering near the flat line on Wednesday, as investors awaited a heavy batch of pre-Thanksgiving data, which will include the latest minutes of the Federal Open Market Committee meeting.
How are stock-index futures trading? Stocks finished higher on Tuesday, with the S&P 500 SPX closing up 53.64 points, or 1.4%, to 4,003.58, the Dow industrials DJIA gaining 397.82 points, or 1.2%, to close at 34,098.10. The Nasdaq Composite COMP advanced 149.89 points, or 1.4%, to close at 11,174.40.
“Investors may be on the hunt for clues that they’ve acted prematurely, or that there’s actually more support for such a slowdown in tightening and less for a higher terminal rate than they previously thought,” said Craig Erlam, senior market analyst at OANDA, in a note to clients. U.S. stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and reopen the next day only for an shortened session on Black Friday, the annual preholiday shopping event, with trading ending at 1 p.m. Eastern on Nov. 25.
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