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Stock futures trading cautiously higher after volatile Monday session

Added 01-05-21 05:04:03am EST - “U.S. equity futures? are cautiously higher ahead of the Tuesday trading session.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Stock futures trading cautiously higher after volatile Monday session”. Below is an excerpt from the article.

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U.S. stocks pulled back from their recent record highs on Monday, the first day of trading in the new year, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world.

“With the seven-day average new cases still hanging in the 600 K zone globally, few are likely expecting the market to be spared the resurgence of COVID-19 fears,” said Jingyi Pan, senior market strategist at IG in Singapore.

“Certainly, with the amalgamation of factors ranging from the U.K.’s third nationwide lockdown announcement, U.S. hospitalizations surging to a record and Tokyo mulling a state of emergency, these had all been evidence of the still raging pandemic inducing the risk-off mood to start the year for U.S. indices," Pan said.

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