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US stocks attempting rally after five-day fall

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    US equity index futures are attempting a rally at the end of a turbulent week dominated by fears about the health of the banking sectors.

    At the time of writing, the Dow futures were up 137 points or 0.90%. The S&P 500 futures were up 18 points or 1%. Meanwhile, the tech-heavy Nasdaq futures were up 0.90% as well.

    Rally in oil prices is providing relief to the markets and led investors to take profits on safe havens like Gold and Treasuries.

    Across the pond, the pan-European Stoxx 600, which fell 6.8% over the previous four sessions, is up 2%.
    For more information, read our latest forex news.

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