Global Stock Markets
The major indexes fell sharply in the previous two sessions, with the Dow falling more than 500 points in that time period. The Federal Open Market Committee is set to conclude its two-day monetary policy meeting on Wednesday.
U.S. stock index futures
bounced back ahead of Wednesday's open, as investors awaited the
decision from the latest Federal Open Market Committee (FOMC) monetary
policy meeting.
Dow Jones industrial average futures rose 183 points, while S&P 500 and Nasdaq 100 futures gained 11.25 points and 27.50 points, respectively.
The major indexes fell sharply in the previous two sessions, with the Dow falling more than 500 points in that time period. Rising yields have also put stocks under pressure, elevating concerns over whether higher interest rates could snuff out the bull market.
On Wednesday, earnings, data and the U.S. Federal Reserve are set to be at the front of investors' minds.
The FOMC is expected to conclude its latest two-day policy meeting. While the Federal Reserve isn't expected to make any changes to its policy stance, the meeting will mark the last time Janet Yellen will act as chair of the central bank, before the role is passed on to Jerome Powell. The FOMC's meeting announcement is set to come out at 2 p.m. ET.
A number of data releases are set to be published. Ahead of Friday's nonfarm payrolls data, investors will be looking closely to jobs data Wednesday.
Dow Jones industrial average futures rose 183 points, while S&P 500 and Nasdaq 100 futures gained 11.25 points and 27.50 points, respectively.
The major indexes fell sharply in the previous two sessions, with the Dow falling more than 500 points in that time period. Rising yields have also put stocks under pressure, elevating concerns over whether higher interest rates could snuff out the bull market.
On Wednesday, earnings, data and the U.S. Federal Reserve are set to be at the front of investors' minds.
The FOMC is expected to conclude its latest two-day policy meeting. While the Federal Reserve isn't expected to make any changes to its policy stance, the meeting will mark the last time Janet Yellen will act as chair of the central bank, before the role is passed on to Jerome Powell. The FOMC's meeting announcement is set to come out at 2 p.m. ET.
A number of data releases are set to be published. Ahead of Friday's nonfarm payrolls data, investors will be looking closely to jobs data Wednesday.
In earnings, Boeing shares jumped 3.6 percent in
the premarket after reporting better-than-expected quarterly results.
The move higher in the stock added to the Dow futures' gains. AT&T, eBay, Facebook, Microsoft, Mondelez International, PayPal, Qualcomm, and Symantec are some of the big names to release figures after the bell.
On the political front, investors are likely to be mulling over the latest State of the Union address, made by President Donald Trump on Tuesday night.
The overall theme of the incumbent's speech was "a safe, strong and proud America," with Trump touching upon topics such as immigration, bipartisan cooperation, infrastructure and the economy.
On the political front, investors are likely to be mulling over the latest State of the Union address, made by President Donald Trump on Tuesday night.
The overall theme of the incumbent's speech was "a safe, strong and proud America," with Trump touching upon topics such as immigration, bipartisan cooperation, infrastructure and the economy.
No comments:
Post a Comment