After moving sharply higher to close out the previous week, stocks are likely to see further upside in early trading on Monday. The major index futures are currently pointing to a positive open for the markets, with the S&P 500 futures up by 0.
Stocks showed a strong move to the upside during trading on Monday, extending the rally seen to close out the previous week. With the continued advance, the major averages reached their best closing levels in almost a month.
Stocks moved sharply higher early in the session on Friday and continue to turn in a strong performance in afternoon trading. The major averages are extending the rally seen in the previous session, jumping to their best intraday levels in over two weeks.
Following the rally seen over the course of Thursday's session, stocks showed another strong move to the upside during trading on Friday. The major averages all moved sharply higher, with the tech-heavy Nasdaq leading the charge.
After turning in a lackluster performance for much of the session, stocks saw substantial volatility following the Federal Reserve's monetary policy announcement Wednesday afternoon.