February 04, 2014- Stocks Look to Edge Higher After Recent Declines

Wall Street stocks are attempting to rebound from depressed levels despite negative global cues. The major U.S. index futures are pointing to a higher opening on Tuesday after yesterday's sell-off. In the absence of strong domestic economic catalysts, the sustenance of the early momentum built on the back of a move to seek bargains could be difficult to sustain. The markets may also turn to the corporate news flow for trading cues. Meanwhile, Asian stocks plunged notably earlier in the global trading day and European stocks are also showing weakness despite fairly encouraging domestic corporate news. The Dow futures are rising 27 points, the S&P 500 futures are adding 5.25 points and the Nasdaq 100 futures are moving up 5.50 points. U.S. stocks ended Monday's session notably lower, as global economic uncertainties continued to haunt investors after separate reports showed that Chinese service sector expanded at a slower rate and U.S. manufacturing activity slowed notably.