Stocks hang on to gains ahead of CPI showdown

<p>S&amp;P 500 futures are up 0.4% while major European indices are posting gains of around 0.6% to 1.0% currently. This continues from the push higher yesterday as equities are looking to recover more ground after the drop in the last two weeks.</p><p>In terms of overall sentiment, tech stocks remain the beacon of hope in a sense and the Nasdaq chart exemplifies that:</p><p>It tested key trendline support over the last one week or so before pushing back to above its 100-day moving average (red line) yesterday. And buyers will be hoping for more follow through after the US CPI data today.</p>

This article was written by Justin Low at www.forexlive.com.