US stock index futures were slightly higher in overnight trading on Tuesday, after a session that saw stocks alternating between gains and losses.
Futures contracts linked to the Dow Jones Industrial Average advanced 27 points, indicating a gain of 41 points at the open. S&P 500 futures were up 0.07%, while Nasdaq 100 futures were up 0.13%.
Equities closed poorly on Tuesday as traders digested higher rates, possible additional stimulus measures and political turmoil.
The Dow Jones Industrial Average was up 60 points, or 0.2%, to 31,068.69. The Nasdaq Composite ended the day up 0.3% and the S&P 500 rose slightly to 3,801.19. Meanwhile, the benchmark 10-year Treasury yield traded briefly at 1.18%, the highest level since March.
Given the increase, Credit Suisse recommended investors favor pro-cyclical sectors, including financials and energy. The rate hike could hurt growth stocks, however, and a number of tech heavyweights including Facebook and Apple declined during the …
- According to this source Stock futures have changed little as Wall Street awaits clarity from Washington
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