U.S. stock futures advanced on Monday, helped by receding turbulence in the U.K. bond market as earnings season continues.
What’s happening On Friday, the Dow Jones Industrial Average DJIA fell 404 points, or 1.34%, to 29635, the S&P 500 SPX declined 87 points, or 2.37%, to 3583, and the Nasdaq Composite COMP dropped 328 points, or 3.08%, to 10321.What’s happening On Friday, the Dow Jones Industrial Average DJIA fell 404 points, or 1.34%, to 29635, the S&P 500 SPX declined 87 points, or 2.37%, to 3583, and the Nasdaq Composite COMP dropped 328 points, or 3.08%, to 10321.
What’s driving markets New U.K. Chancellor Jeremy Hunt was set to unveil fiscal measures, according to the Treasury, in what’s anticipating as a further repeal of the tax cuts earlier announced by Liz Truss’s government. He spent the weekend giving interviews suggesting further U-turns. The yield on the 30-year gilt TMBMKGB-30Y fell 37 basis points, even as a temporary Bank of England bond purchase program ended.
There’s also earnings due from companies including Bank of America BAC , and the Empire State manufacturing index is due for release.
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