U.S. stock futures ticked up ahead of the release of the Federal Reserve’s latest meeting minutes and fresh data on the labor market
U.S. stock futures ticked up Wednesday ahead of the release of the Federal Reserve’s latest meeting minutes and fresh data onFutures tied to the S&P 500 edged 0.2% higher, pointing to the broad market index inching back toward its recent all-time closing high. Nasdaq-100 futures climbed 0.
“It is really the tech space that’s been driving the market,” said Esty Dwek, head of global market strategy at Natixis Investment Solutions. “Over the next few weeks and months, hopefully we’ll see that U.S. growth is holding up well, that will continue to support markets.” Government bonds continued to rally, sending the yield on the benchmark 10-year Treasury note ticking down to 1.345% and extending its recent slide into a third day. On Tuesday, the yield fell to 1.369%, its lowest level since late February. Yields drop when bond prices rise.