August 13, 2013- Stocks Look to Rise After Recent Declines

Wall Street is on search for a meaningful catalyst, as it attempts to shake free off its recent lackluster phase. The major U.S. index futures are pointing to a higher opening on Tuesday. Earlier in the global trading day, Japanese stocks rebounded strongly after yesterday's debacle orchestrated by weak GDP data, and most other markets in the region latched on to its optimism. European stocks are also trading higher. Sentiment going into the session may also depend on how the retail sales data pans out. The Dow futures are trading up 57 points, the S&P 500 futures are advancing 5.70 points and the Nasdaq 100 futures are gaining 11.50 points. U.S. stocks went about in a lackluster manner on Monday amid a lack of catalysts. On the economic front, the Labor Department is scheduled to release its report on export and import prices at 8:30 am ET. Economists expect a 0.2 percent month-over-month increase in export prices, while import prices may have risen a steeper 0.9 percent.