February 11, 2014- Stocks Edge Higher After Fed Statements

Early indications suggest that Wall Street stocks may open firmly in positive territory on Tuesday. The markets are more or less convinced that the Fed will persist with its accommodative monetary policy stance and will not dare to do anything to thwart the fragile recovery in place. With more clarity to emerge on the Fed's stance out of the maiden Congressional testimony by the new Federal Reserve Chair Janet Yellen's, some volatility could not be ruled out. Asian stocks closed higher for the session, while the European markets are also moving to the upside. The Dow futures are rising 69 points, the S&P 500 futures are moving up 8 points and the Nasdaq 100 futures are advancing 15 points. U.S. stocks managed to end a lackluster session on Monday higher, as trading was characterized by a lack of direction amid the absence of any major trading catalysts.