February 28, 2013-Market Sentiment is Flat as S&P Nears Channel Resistance

Wall Street sentiment remains lukewarm on Thursday, with the major U.S. index futures pointing to a slightly higher opening. The latest catalyst that has served to give an impetus to the market is the fact that the central banks world over have stuck to their guns and reiterated their resolve to maintain easy monetary policy until the global economy is live and kicking. Earlier in the global trading, Asian stocks closed notably higher, while European stocks are also advancing amid the promise of continued stimulus support. The domestic markets could also react to the Commerce Department's revised GDP report, a regional manufacturing survey and the jobless claims report. The Dow futures are rising 8 points and the S&P 500 futures are moving up 1.70 points, while the Nasdaq 100 futures are adding 3.75 points. U.S. stocks advanced strongly on Wednesday, helped by bargain hunting that came about in reaction to some positive data points.