On Tuesday, Wall Street stock futures headed for a good start, with appetite for risky assets backed up by growing crude prices as well as equity gains in Asia and Europe.
Dow Jones Industrial Average futures soared 16,627128, a 128 point surge. The S&P 500 futures gained 15.26 points, trading at 1,945. The Nasdaq-100 futures climbed up 37.5 points, hitting 4,238.75.
Stocks closed in February with the first monthly revenue for the Dow industrials, while the Nasdaq Composite and the S&P 500 reported three-straight monthly sags since 2011. On Monday, stocks finished lower, driven by losses in energy stocks, while rising crude prices contributed too.
Analysts point out that traders are expressing tons of indecision regarding stocks. Obviously, markets have found themselves in a holding pattern, fluctuating between risks and safety without a definite direction.
On Tuesday, crude oil kept rising, while the greenback higher against the Japanese currency, as shares surged in the European Union and in Asia.
The Shanghai Composite ended up 1.7%, as traders reacted to Monday’s cut in the amount of money commercial banks require to have on reserve by the People’s Bank of China.