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Dec 20, 2016

U.S. Stock Market Futures Indications - December 20, 2016: Dow Futures Point to Slow March Higher Toward Key 20,000 Mark


Sara Sjolin


Wall Street was poised for another positive session on Tuesday, with the Dow average set to inch closer to the psychologically important 20,000 mark in choppy preholiday trade.

There are no major economic news on tap, so earnings from Darden Restaurants Inc., BlackBerry Ltd. and General Mills Inc. are among key events premarket.
Futures for the Dow Jones Industrial Average YMH7, +0.13%  rose 19 points, or 0.1%, to 19,856, indicating a second straight session of gains. The blue-chip benchmark on Monday finished 0.2% higher at 19,883.06, struggling to break through the closely watched 20,000 level.
“Wall Street futures suggest that the positive sentiment is still in play and the current opening forecasts mean that a push out to the 20,000 level for the Dow before the year end remains a distinct possibility,” said Remo Fritschi, institutional sales manager at ADS Securities, in a note.
Futures for the S&P 500 index ESH7, +0.15%  put on 2.40 points, or 0.1%, to 2,262.50, while those for the Nasdaq-100 index NQH7, +0.09%  added 3.25 points, or 0.1%, to 4,942.
Both the S&P SPX, +0.20%  and Nasdaq Composite COMP, +0.37%  ended Monday’s session higher, with investors largely shaking off attacks in Berlin and Ankara. In Berlin, 12 people were killed after a truck plowed into crowds at a Christmas market, while in Ankara, an off-duty policeman shot dead the Russian envoy to Turkey. Additionally in Zurich, three people were injured after a shooting at an Islamic center.
European markets also rose on Tuesday.
Berlin truck crash a 'probable terrorist attack,' police say
A black semitrailer truck plowed through a busy Christmas market in Berlin, Germany, killing at least 12 people and injuring scores more. Police said the truck was steered deliberately. This video contains graphic content. Photo: Getty
“The market response to each new terror event is less and less pronounced. Over the years, investors have learned to live with horror on a far too regular basis,” said Mike van Dulken, head of research at Accendo Markets, in a note.
Movers and shakers: Shares of Conatus Pharmaceuticals Inc. CNAT, +2.62%  could move, after rocketing 125% in after hours trade on Monday. The big jump came after the microcap biotech announced a licensing and collaboration agreement with Novartis AG NOVN, +0.54%  for a liver disease treatment.
On the earnings calender Tuesday, Carnival CCL, -0.35%  , BlackBerry BBRY, +1.72%  , Darden Restaurants DRI, +0.20%  and General Mills GIS, -0.69%  are scheduled to report quarterly results ahead of the open.
After the market closes, FedEx Corp. FDX, +0.58%  and Nike Inc. NKE, -0.14%  are slated to report.
Other markets: Stocks in Asia closed mixed, with Japan’s Nikkei 225 index NIK, +0.53% gaining 0.5% after the Bank of Japan raised its assessment of the country’s economy for the first time since May 2015. The central bank stood pat on monetary policy.
Oil prices CLG7, +0.64%  rose, while metals GCG7, -0.67% SIH7, -1.24%  mostly declined.
The dollar rose against other major currencies, sending the ICE Dollar Index DXY, +0.26%  0.3% higher to 103.42. That means the index is on track for is highest close in 14 years.