Wall Street was poised to open higher on Monday ahead of data that is expected to show demand for U.S. factory orders rose in March, signaling that the manufacturing sector is strengthening despite a stronger dollar.
U.S. stocks little changed on Monday, on the heels of the Standard & Poor's 500 Index's best month in more than three years, as data showed consumer spending remained soft in January and ahead of a report on the manufacturing sector.
As pretty much everybody expected, the North American trading session’s direction was completely reliant upon the testimony of Federal Reserve Chairwoman Janet Yellen at the Senate Banking Committee this morning.
We asked traders, "The Dow Jones surpassed both the 17,000 mark and 18,000 mark for the first time in its history in 2014. What is more likely in 2015, the Dow hitting 20K or a major correction of 10-20%?"