US Stock Futures Rise In Anticipation Of FOMC’s Meeting Minutes

US Stock Futures Rise In Anticipation Of FOMC’s Meeting Minutes

07 Apr 2021 06:23 PM
 

US stock futures rose as investors anticipated FOMC’s meeting minutes for signs on policymakers view the rising inflation and speed of economic rebound.

Dow Jones Industrial Average futures gained 21 points to 33,336.00 while the S&P 500 index futures rose 3.25 points at 4,067.25 and the Nasdaq 100 index rose 19.75 points to 13,589.75.

Prospects that the economy will recover faster than expected, increased risk appetite and boosted major indices. Speedy progress in the vaccine rollouts and fiscal stimulus supported the recovery of ecnomy.

Although, market participants remain cautious on fears that easing of lockdowns could lead to higher inflation, forcing the Fed to raise interest rates sooner than expected.

Going ahead, investors are anticipating FOMC’s meeting minutes and US trade data.

The benchmark 10-year Treasury note yield fell to 1.639%, from 1.656% on Tuesday.

Brent crude fell 0.6% to $62.41 a barrel.