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23 Feb 2015
Wall Street may see flat opening, could turn risk averse
FXStreet (Mumbai) - The stock markets in the US could struggle for direction in early trading today after posting sharp gains in the past few sessions. The major index futures are currently trading flat to negative.
At the time of writing, the DJIA futures were down 0.19% at 19,069.50, while the S&P 500 futures were down 0.16% at 2103.65 levels. Meanwhile, NASDAQ futures were up 0.12% at 4438.90 and Russell futures were down 0.24% 1224.70 levels. The VIX futures were up 1.48% at 17.18 levels.
The initial reaction to the Greek debt extension news seen on Friday faded away as the details became much clearer during the European session today. Moreover, the deal calls for Greek and European officials to agree to a series of reforms by the end of April, with Greece due to present a first list of reform measures today. If the list is found satisfactory by the Eurogroup, the deal extension could materialize by tomorrow.
Furthermore, the markets may remain nervous ahead of Federal Reserve Chair Janet Yellen's testimony before the House and Senate. On data front, the National Association of Realtors is scheduled to release its report on existing home sales in the month of January. Existing home sales are expected to fall to an annual rate of 4.95 million in January from 5.04 million in December.
At the time of writing, the DJIA futures were down 0.19% at 19,069.50, while the S&P 500 futures were down 0.16% at 2103.65 levels. Meanwhile, NASDAQ futures were up 0.12% at 4438.90 and Russell futures were down 0.24% 1224.70 levels. The VIX futures were up 1.48% at 17.18 levels.
The initial reaction to the Greek debt extension news seen on Friday faded away as the details became much clearer during the European session today. Moreover, the deal calls for Greek and European officials to agree to a series of reforms by the end of April, with Greece due to present a first list of reform measures today. If the list is found satisfactory by the Eurogroup, the deal extension could materialize by tomorrow.
Furthermore, the markets may remain nervous ahead of Federal Reserve Chair Janet Yellen's testimony before the House and Senate. On data front, the National Association of Realtors is scheduled to release its report on existing home sales in the month of January. Existing home sales are expected to fall to an annual rate of 4.95 million in January from 5.04 million in December.