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US Equity futures point to a strong opening

FXStreet (Mumbai) - The US Equity futures have gained strength after the weekly jobless claims report showed the four-week moving average fell to its lowest since May 2000. Meanwhile, the Chicago fed National activity index rose more than market expectation.

The DJIA December futures are trading 0.81% higher at 16,557, while the S&P 500 December futures are trading 0.74% higher at 1939.15. The S&P 500 VIX futures are down by 4.15%. Meanwhile, the Midcap Index, Russell 2000 is trading 0.78% higher at 1103.80 levels.

Stocks are likely to rally today as higher profit forecasts from companies including Caterpillar Inc. and a surprise gain in euro-area manufacturing boosted confidence in the global economy.

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