Expected jump in the markets | Four US banks to report | Econocom trade update

Futures contracts suggest, at present, a open about 0.6% of the New York Stock Exchange.

Yesterday, Thursday, the US markets ended sharplya recovery driven by the energy and financial sectors despite higher than expected inflation in the US in Septemberwhich strengthens expectations of another sharp Fed rate hike.

The Dow Jones index jumped 2.83% to 30,038.72 points. The broader S&P-500 rose 2.60% to 3,669.91 points. The Nasdaq Composite rose by 232.05 points (2.23%) to 10,649.15 points.

The poor inflation numbers, which bolster the prospect of the U.S. Federal Reserve raising its key interest rates by 75 basis points next month for the fourth straight time, initially sent Wall Street plunging. But the indices then recovered, with some strategists especially calling out one technical support around 3,500 points to S&P.

The major oil companies took advantage of the rise in crude oil prices, and financial stocks were also in demand while the major US banks begin publishing their quarterly results on Friday.

Walgreens Boots Alliance

got more than 5%
after delivering better-than-expected results in the fourth quarter.

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