Stock futures pointed to solid gains for Wall Street Thursday, 9/29/11.
Stock market futures … extended their gains after Germany’s lower house of parliament voted to approve enhanced powers for the European Financial Stability Facility — the euro zone’s bailout fund.
Futures on the Dow rose 104 points to 11,080 and those on the S&P’s 500 index added 10.40 points to 1,159.10. NASDAQ 100 futures rose 24 points to 2,242.50. The Stoxx Europe 600 Index slipped less than 0.1% to 227.3, having swung between gains and losses at least 12 times. The measure is heading for its worst Q since 2008, having fallen 17% amid concern global economic growth is slowing and policy makers are struggling to contain the EU debt crisis. The gauge has dropped 4.3% this month following a 10 percent slump in August. South Korean shares gained sharply on Thursday inAsia and Japanese shares moved off early lows; Trading on the Hong Kong Stock Exchange was cancelled Thursday after a typhoon warning remained in place.
The market seems to be jumping from one headline to another … it is and will be a volatile trading environment.