Stocks look to break losing streak, overseas markets provide a lift

|By:, SA News Editor

Stock futures point to solid gains at the open, putting the S&P 500 on an early track to post its first gain of the new year; the S&P and Dow are each +0.4%, with Nasdaq +0.5%.

European markets are broadly higher following better-than-expected data out of Germany; Asian stocks mostly rose, though yen strength continued to weigh on the Nikkei (-0.6%).

The U.S. Senate approved Janet Yellen for Fed chair late yesterday, but this was no surprise.

Like yesterday, the financial sector is expected to display early strength, with BofA +0.7% premarket after gaining 7.8% YTD.

Today's economic data is limited to the November trade deficit, which came in at its smallest since late 2009.