Futures Pointing To Modestly Higher Open On Wall Street

(RTTNews) - The major U.S. index futures are currently pointing to a modestly higher opening on Monday following the lackluster performance seen in the previous session.

The markets may continue to benefit from recent upward momentum, which has helped propel stocks to new record highs despite a lack of major catalysts.

Stocks have trended higher throughout much of the past month, as traders express optimism about a phase one U.S.-China trade deal.

Trading activity is likely to remain relatively subdued, however, as the upcoming New Year's Day holiday is likely to keep some traders on the sidelines.

Stocks showed a lack of direction throughout the trading session on Friday as many traders remained away from their desks following Christmas. The major averages spent the day bouncing back and forth across the unchanged line before closing mixed.
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