U.S. stock futures
moved sharply higher on Monday, mirroring solid gains in Asia where weak
data spurred hopes that central banks will launch more easing measures.
Investors were also
speculating whether a bottom has been reached after the recent selloff,
with some analysts arguing the market is oversold in the short term.
Futures for the Dow
Jones Industrial Average jumped 211 points, or 1.3% to 16,123, while
those for the S&P 500 index gained 25.70 points, or 1.4%, to 1,884.
Futures for the Nasdaq 100 index rose 70.50 points, or 1.8%, to
4,076.50.
Normal trading in the
U.S. is closed for the Presidents Day holiday and futures will close for
trade at 1 p.m. Eastern Time and open again at 6 p.m. Eastern. Trading
in metals and energy futures also ends at 1 p.m.
Source : Marketwatch
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