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Futures Rise For First Time In 4 Days As Oil Rebounds From 4 Year Low [zero hedge]
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Futures Rise For First Time In 4 Days As Oil Rebounds From 4 Year Low Stock futures are higher but with less than 10 full trading days left in the year, the Santa rally seems increasingly elusive, with traders struggling to find catalysts. The S&P 500 tested a key technical level on Tuesday, coming close to breaking below its 50-DMA. As of 7:15am ET, S&P 500 futures rose 0.3%, pointing to the first increase in four days for the S&P 500 as investor appetite returned after last week’s tech retreat; Nasdaq contracts +0.4%: Netflix rose 1.7% in premarket trading on bets it will prevail in its bid for Warner Bros. Discovery.Amazon rose 2% on report OpenAI is in initial discussions to raise at least $10 billion from Amazon and use its chips. Trading volumes are still relatively high, though will inevitably start to tail off as Christmas approaches. The main action today is in oil, with Brent prices bouncing 2.2% from a four year low back over $60, after Trump ordered a blockade of sanctione
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