(CercleFinance.com) – American stock markets should once again open on a cautious note Thursday morning, due to a lack of leading indicators or results to delve into.
Half an hour before the opening, the futures contracts on the main New York indices are moving at stable levels, or even falling slightly, suggesting an uncertain start to the session, to say the least.
Wall Street is thus heading towards a third consecutive session without direction, after having closed once again without direction, not far from their historic peaks.
Stakeholders, who have little information available to make their investment decisions, remain in a waiting position looking for the next bullish catalyst likely to wake up the stock market.
Hopes that the Federal Reserve will soon reduce its rates is the main factor behind the upward movement which has resumed in New York for almost three weeks.
As a result, the S&P 500, the benchmark index for fund managers, is now only a stone’s throw from its historic record of 5,264.8 points, reached at the end of March.
After these good performances, investors could be tempted to take a break, especially as the results season is coming to an end and economic indicators are becoming scarcer.
The only important statistic on today’s menu, registrations for unemployment benefits increased to 231,000 during the week of April 29, a figure up 22,000 compared to the previous week.
Apart from these figures, no other major indicator is on the agenda.
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