Stock index futures rise as Wall Street looks to rebound after difficult week
georgeclerk
Stock index futures were largely higher on Monday as Wall Street looked to recover from a tough week and investors awaited the Federal Reserve's interest rate decision.
Dow futures (INDU) +0.33%, S&P 500 futures (SPX) +0.13%, and Nasdaq futures (US100:IND) were flat.
U.S. major stock indexes finished mostly lower on Friday as a continued technology selloff rattled markets and rising oil prices amid the ongoing U.S.-Iran war added to investor concerns.
The Federal Reserve will announce its monetary policy decision on Wednesday.
Investors will also monitor the Chicago Fed National Activity Index, the Dallas Fed Manufacturing Survey and the 2-year Treasury note auction.
The 2-year Treasury yield (US2Y) rose 0.9 basis points to 4.70%, the benchmark 10-year Treasury yield (US10Y) fell 0.4 basis points to 5.00%, and the 30-year Treasury yield (US30Y) fell 0.6 basis points to 5.32%.
Among S&P 500 stocks, PPG Industries +4.90%, TKO Group +4.43%, West Pharmaceutical Services +4.07%, Casey's General Stores +3.96%, and Ecolab +3.80%.
McKesson -10.93%, Vylor -5.03%, STERIS -4.99%, Moderna -4.72% and Fair Isaac -4.45%.
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