June 25, 2013- Stocks Look to Rebound After Recent Declines

With traders dumping stocks in recent sessions on fears triggered by Fed's intention to trim stimulus, the major averages have slipped into oversold territory, providing scope for a rebound. The major U.S. index futures point to a higher opening on Tuesday. The sustenance of the optimism throughout the session depends on how some key economic data on durable goods orders, house prices and new home sales pan out. The markets may also take cues from earnings reports of companies such as Lennar (LEN) and Walgreen (WAG). Risky assets are seen regaining some footing, as risk appetite picks up. The Dow futures are rising 71 points, the S&P 500 Index futures are adding 8.50 points and the Nasdaq 100 futures are advancing 15.75 points. U.S. stocks succumbed to the negative sentiment that pervaded from the overseas markets on Monday. A lack of clarity on the domestic economic and monetary policy outlook also weighed on markets.