LONDON (ShareCast) - US stocks are seen higher again as investors look eagerly towards a key reading on the overall output of the economy in the second quarter.
The second-quarter gross domestic product (GDP) is due out before the open, with
economists expecting the report to show a 1.5% fall in the period, compared with a 5.5% drop in the previous quarter.
Across the markets, the Dow Jones (news) is expected to start up 36 points to 9126 with the Nasdaq (NASDAQ: news) seen up 5 points to 1612. The S&P 500 is due to rise 4 points.
Corporate results will take a back seat compared to the GDP figures today but oil giant Chevron (NYSE: CVX - news) is out with quarterly results. On Thursday, rival Exxon Mobil (NYSE: XOM - news) reported a 66% drop in quarterly profit.
Constellation Energy (NYSE: CEG - news) saw net income for the second quarter rise $8.1m compared with $171.5m in the same period last year.
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