September 02, 2014- Stocks Edge Higher on ECB Stimulus Hopes

Early indications suggest that Wall Street stocks may open higher along with the rest of the global markets, as optimism over stimulatory environment abounds. Traders have built up expectations that the European Central Bank, which is scheduled to meet later this week, would announce additional stimulus, as the economic recovery in the region stutters amid geopolitical tensions. The domestic markets may also turn their attention to a report on the U.S. manufacturing sector based on a national survey to deduce what the data would mean for the monetary policy. The Dow futures are rising 36 points, the S&P 500 futures are gaining 3.60 points and the Nasdaq 100 futures are moving up 11.25 points. U.S. stocks extended their gains in the week ended August 29, with brisk M&A action and mostly positive economic data supporting sentiment.