Market Snapshot: U.S. stock index futures inch higher as Treasury yields dive

by | Oct 10, 2023 | Stock Market

U.S. stock index futures were slightly higher Tuesday morning, amid sharply lower Treasury yields and hopes the Federal Reserve may be finished raising interest rates. How are stock-index futures trading
S&P 500 futures
rose 1.5 points, or 0%, to 4370

Dow Jones Industrial Average futures
added 43 points, or 0.1%, to 33844

Nasdaq 100 futures
climbed 4 points, or 0%, to 15191

On Monday, the Dow Jones Industrial Average
rose 197 points, or 0.59%, to 33605, the S&P 500
increased 27 points, or 0.63%, to 4336, and the Nasdaq Composite
gained 53 points, or 0.39%, to 13484.

What’s driving markets The fractional gains early Tuesday in S&P 500 index futures come after the benchmark started the week with a 0.6% gain. The advance was secured as anxiety over violence in the Middle East was counteracted by comments from Federal Reserve officials suggesting a recent tightening of credit conditions reduced the need for another interest rate hike by the central bank. Fed Vice Chair Philip Jefferson said on Monday the central bank could “proceed carefully” following the recent surge in Treasury yields to fresh 16-year highs, and Fed Bank of Dallas President Lorie Logan said the surge in long-term yields may mean less need for addition …

Article Attribution | Read More at Article Source

Share This