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Wall Street is preparing for the sustained opening; Dow is about 20000

USA stock indices futures suggest the sustained opening Wednesday morning; Dow remains around the psychological threshold of 20000 on the New Yearís Eve trading.

21.Dec.16 6:46 AM
By Anna Tuzova


Wall Street is preparing for the sustained opening; Dow is about 20000
As at 11:56 GMT Dow Jones Industrial Average futures grown by 5 points, or 0,03%, S&P 500 futures lowered by 2 points or 0,08%, while Nasdaq 100 futures lost 3 points, or 0,05%.

Wall Street grew on Tuesday, Dow Jones and Nasdaq Composite have closed on the historical high levels through the optimism about the newly elected President Donald Trumpís policy.

After the elections, held in the beginning of November, Dow index jumped by 11 per cent and closed 17 sessions with a record high marks in the expectations of stimulating the economy by the new Head of State.

Today the market participants will concentrate on corporate reports. Accenture (NYSE:ACN), Paychex (NASDAQ:PAYX), Finish Line (NASDAQ:FINL) and Winnebago (NYSE:WGO) companies are expected to publish reports before the session. Bed Bath & Beyond (NASDAQ: BBBY), Micron Technology (NASDAQ:MU) and Red Hat (NYSE:RHT) are publishing their reports after the market closes.

Account of the house sales on the secondary markets is expected on Wednesday on 15:00 GMT.

On the pre-market Nike (NUSE:NKE) shares leapt by over than 3 per cent after the company reported that its quarter profit has exceeded the projection. The reasons were the high demand from the Western Europe, China and developing markets

FedEx stock (NYSE:FDX)  dropped by almost 4% after the publication of Income Report on Tuesday evening, which has fallen short of market expectations.

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