Market Snapshot: U.S. stock futures edge higher ahead of data dump and Thanksgiving break

by | Nov 23, 2022 | Stock Market

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?
S&P 500 futures
were up 6.75 points, or 0.1%, at 4,016.75

Dow Jones Industrial Average futures
rose 45 points, or 0.1%, to 34,169

Nasdaq-100 futures
rose 9.25 points to 11,762

Stocks finished higher on Tuesday, with the S&P 500
closing up 53.64 points, or 1.4%, to 4,003.58, the Dow industrials
gaining 397.82 points, or 1.2%, to close at 34,098.10. The Nasdaq Composite
advanced 149.89 points, or 1.4%, to close at 11,174.40.

What’s driving markets? In likely holiday-thinned trade, markets may struggle to follow up on Tuesday’s gains, which were in part driven by continued hopes of a softening stance in the Fed’s rate-hiking plans. November’s meeting minutes due at 2 p.m. Eastern, will be watched closely for clues as to how high the fed-funds rate needs to go an …

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