Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) It's All About Japan
The Bank of Japan has shocked global markets by boosting its aggressive stimulus program in an effort to keep the country's economic revival on track.
Japan's Nikkei index surged by nearly 5% to hit a seven-year high and stock markets around the world are rallying.
Asian markets closed with significant gains and European markets have jumped by at least 1% in early trading.
US stock futures were also surging by more than 1%.
2) Stock Market Movers -- Starbucks, GoPro, Citigroup
Shares in Starbucks (SBUX) are taking a tumble -- down by about 3% premarket -- after the company said it expects profits will fall short of expectations during the next three months.
Shares in GoPro (GPRO) are surging by about 15% after the company reported a better-than-expected third quarter and issued an upbeat forecast for its business.
Meanwhile, Citigroup (C) shares are off by about 1.5% premarket after the company said it had to revise its third quarter earnings. The bank said profit was $600 million lower than previously stated due to higher-than-expected legal costs.
3) Economics
The Bureau of Economic Analysis will post monthly personal income and spending numbers at 8:30am ET.
The University of Michigan will report the final version of its monthly consumer sentiment index at 9:55am ET.
4) Thursday Market Recap
US stocks closed higher Thursday. The Dow gained 221 points. The S&P 500 closed 0.6% higher and the Nasdaq moved up by 0.4%.
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