REUTERS-U.S. stock index futures rose on Wednesday, a day after strong economic
data helped the Nasdaq close at a record high.
With year-end celebrations around the corner, trading volumes are likely
to remain light.
Oil prices rose for the fourth day in a row and hovered close to a 2016
high ahead of a supply limit deal that will come into effect from Jan. 1. [O/R]
U.S. equities have been riding a post-election rally, feeding on optimism
that Donald Trump's policies would be business friendly, especially to banks
and industrials. The rally has also been supported by a spate of strong
economic data.
The Dow Jones Industrial Average .DJI is likely to make a fresh attempt
at breaching the elusive 20,000 mark, after coming within 20 points of the
milestone on Tuesday.
The Dow, which has gained the most among the three major Wall Street
indexes from the Trump rally, is on track to have its best yearly gains since
2013. The S&P 500 .SPX is set to register a double-digit rise this year,
compared with a 0.7 percent decline in 2015.
The dollar index .DXY rose 0.3 percent and is on track for its best day
since Dec. 15 after strong consumer confidence data on Tuesday lifted.
REUTERS
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