November 27, 2013- Stocks Flat Ahead of Thanksgiving Holiday

Despite nagging fears concerning a pullback, Wall Street is resiliently holding itself up, as indicated by the U.S. index futures, which point to a slightly higher opening on Wednesday. Although Thursday's public holiday could keep proceedings subdued, a slew of economic data scheduled for the day could offer some excitement. The news flow on the corporate front is lightly and the focus is likely to be on the readings on durable goods orders, consumer sentiment, jobless claims and the manufacturing sector. Among the global markets, Asian markets traded in a tentative manner, while European markets are firmer on the back of the German coalition deal. The Dow futures are rising 18 points, the S&P 500 futures are moving up 1.60 points and the Nasdaq 100 futures are adding 4.75 points. U.S. stocks showed resilience on Tuesday despite the lingering economic uncertainty and the overbought levels.