U.S. Stock Futures Edge Up Ahead of Fed Minutes

- Advertisement -

U.S. stock futures ticked up Wednesday ahead of the release of the Federal Reserve’s latest meeting minutes and fresh data on the labor market.

Futures tied to the S&P 500 edged 0.1% higher, pointing to the broad market index inching back toward its recent all-time closing high. Nasdaq-100 futures climbed 0.6%, suggesting that the benchmark for large-cap technology stocks may climb for a fourth trading session.

Investors have propelled the major indexes into record territory following signs that the economy is recovering and that the Federal Reserve doesn’t plan to pull back on supportive policies in the near term. Government bond yields have also dropped to their lowest in over four months, bolstering appetite for assets like growth stocks that deliver higher returns.

“It is really the tech space that’s been driving the market,” said Esty Dwek, head of global market strategy at Natixis Investment Solutions. “Over the next few weeks and months, hopefully we’ll see that U.S. growth is holding up well, that will continue to support markets.”

Government bonds continued to rally, sending the yield on the benchmark 10-year Treasury note ticking down to 1.331% and extending its recent slide into a third day. On Tuesday, the yield fell to 1.369%, its lowest level since late February. Yields drop when bond prices rise.

Latest news

Guatemalans protest president, attorney general

GUATEMALA CITY (AP) —...

Everybody's All-American

Gymnast Sunisa Lee rises to the occasion in Tokyo.

Disney World, Apple to Mandate Masks Indoors

Disney World and Apple stores will require customers to wear masks...
Related news

Guatemalans protest president, attorney general

GUATEMALA CITY (AP) —...

Everybody's All-American

Gymnast Sunisa Lee rises to the occasion in Tokyo.

Disney World, Apple to Mandate Masks Indoors

Disney World and Apple stores will require customers to wear masks...

LEAVE A REPLY

Please enter your comment!
Please enter your name here