S+P 500 futures higher this morning ahead of important data due later today

Yesterday the S+P 500 index kicked off the New Year on the front foot. The index reopened for the first time in 2025 at 5,903.26. The index had closed on December 31 at 5,881.63. The index initially pushed higher, reaching 5,935.09. However, it subsequently crumbled to a low at 5,829.53. That more than 100 point slide is big by any standards. It did recover some of the slide into the close, where it later ended the day, 13 points lower, at 5,868.55. The index futures are higher this morning and are not far off session highs right now. So, at 3pm GMT we get the ISM manufacturing report and that surely can have an impact on where the index closes tonight. There will be more to add on the outlook for that, including all the moving parts later this afternoon. The reversal in fortune for the S+P yesterday does risk more of the same today and it will be interesting to see, if the index can buck that today, or not. The S+P 500 is right now priced to reopen at around 5,886