January 07, 2014- Stocks Look to Rise Ater Declines

Wall Street sentiment has firmed up on Tuesday, as reflected by the trading in the U.S. index futures, which point to a notably higher opening. Earlier in the global trading day, Asian stocks traded on a subdued note, while the European markets are moving to upside in reaction to some buoyant domestic data. Given the lack of any major trading catalysts, some bargain hunting related upside could materialize on Wall Street, although sentiment could remain tempered ahead of the release of some key economic data over the course of the remainder of the week. The Dow futures are rising 65 points, the S&P 500 futures are moving up 7.10 points and the Nasdaq 100 futures are adding 15.75 points. U.S. stocks declined for the third straight session on Monday amid apprehension following the release of soft economic data.