NEW YORK, Feb 27 — Futures tracking the main US stock indexes rose today after Wall Street's worst weekly performance of 2023 on fears that the Federal Reserve would keep...
NEW YORK, Feb 27 — Futures tracking the main US stock indexes rose today after Wall Street's worst weekly performance of 2023 on fears that the Federal Reserve would keep raising rates this year.
Tesla added 2.6 per cent after the electric automaker said its plant in Brandenburg near Berlin is producing 4,000 cars a week, three weeks ahead of schedule according to a recent production plan reviewed by Reuters. However, US Treasury yields continued to rise, with the yield on two-year notes that is sensitive to short-term interest-rate expectations, rising as high as 4.857 per cent to its strongest level since Nov 4.
At 7:20 a.m. ET, Dow e-minis were up 153 points, or 0.47 per cent, S&P 500 e-minis were up 21 points, or 0.53 per cent, and Nasdaq 100 e-minis were up 76.75 points, or 0.64 per cent.
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